Composition of Certain Financial Statement Captions

12 Months Ended

Dec. 31, 2024

Composition Of Certain Financial Statement Captions [Abstract]

Composition of Certain Financial Statement Captions

6. Composition of Certain Financial Statement Captions

Other Current Assets

As of December 31, 2024 and 2023, other current assets were comprised of the following (in thousands):


	December 31,
	2024		2023
Prepaid services	$	87	$	410
Deferred costs (Note 7)		436		234
Prepaid insurance		559		636
	$	1,082	$	1,280

Property and Equipment, net

As of December 31, 2024 and 2023, property and equipment, net, were comprised of the following (in thousands):


	December 31,
	2024			2023
Office and computer equipment	$	1,778		$	1,632
Leasehold improvements		1,810			1,810
		3,588			3,442
Less accumulated depreciation		(3,140	)		(2,536	)
	$	448		$	906

Depreciation expense totaled $0.6 million for each of the years ended December 31, 2024 and 2023, respectively.

Intangible Assets, net

As of December 31, 2024, intangible assets included the net book value of costs incurred for purchase of Biocept intellectual properties (Note 12) and software upgrades. Amortization expenses totaled $0.1 million for each of the years ended December 31, 2024 and 2023.

As of December 31, 2024 intangible assets, net, were comprised of the following (in thousands):


	December 31, 2024
	Gross Carrying Amount		Accumulated Amortization			Intangible Asset, Net
Software	$	221	$	(218	)	$	3
Intellectual Property		546		(80	)		466
Total intangible assets	$	767	$	(298	)	$	469

As of December 31, 2023 intangible assets, net, were comprised of the following (in thousands):


	December 31, 2023
	Gross Carrying Amount		Accumulated Amortization			Intangible Asset, Net
Software	$	221	$	(179	)	$	42
Total intangible assets	$	221	$	(179	)	$	42

As of December 31, 2024, future amortization expense on intangible assets is estimated to be as follows (in thousands):


Year Ending December 31,	Amount
2025		140
2026		136
2027		136
2028		57
Total future amortization expense	$	469

Accounts Payable and Accrued Expenses

As of December 31, 2024 and 2023, accounts payable and accrued expenses were comprised of the following (in thousands):


	December 31,
	2024		2023
Accounts payable	$	9,474	$	4,758
Accrued payroll and bonus		920		987
Accrued professional fees		236		128
Accrued vacation and compensation		356		370
Accrued R&D studies		185		388
Accrued interest		117		—
	$	11,288	$	6,631