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Balance Sheet Components
3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet Components Balance Sheet Components
Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consist of the following (in thousands):
March 31,
2026
  December 31,
2025
Prepaid insurance$1,894$191
Other prepaid expenses
3,4701,043
Total prepaid expenses and other current assets
$5,364$1,234
Property and Equipment, Net
Property and equipment, net are as follows (in thousands):
 March 31,
2026
December 31,
2025
Laboratory equipment
$2,667$2,125
Office equipment and furniture
453453
Computer software and equipment
574574
Leasehold improvements246246
Less: accumulated depreciation
(1,706)(1,526)
Property and equipment, net
$2,234$1,872
Depreciation expense was approximately $0.2 million for both the three months ended March 31, 2026, and 2025.
Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consist of the following (in thousands):
March 31,
2026
December 31,
2025
Accrued payroll, vacation and employee-related expenses
$2,001$4,870
Accrued research
3,1422,124
Accrued interest, short term
115118
Other accruals and current liabilities
1,048599
Lease liability, short term
1,3041,151
Total accrued expenses and other current liabilities
$7,610$8,862