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Supplementary Balance Sheet Information | 9 Months Ended
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Sep. 30, 2025
Balance Sheet Related Disclosures [Abstract] |
Supplementary Balance Sheet Information | Note 5 – Supplementary Balance Sheet Information Property and equipment consist of the following (in thousands):
|  | As of |
|  | September 30, 2025 |  |  | December 31, 2024 |
Lab equipment |  | $ | 6,236 |  |  | $ | 5,854 |
Leasehold improvements |  |  | 28,236 |  |  |  | 28,192 |
Computer equipment |  |  | 1,150 |  |  |  | 1,305 |
Furniture and fixtures |  |  | 1,122 |  |  |  | 1,100 |
Software |  |  | 325 |  |  |  | 325 |
Vehicles |  |  | 97 |  |  |  | 97 |
Construction in process |  |  | 8 |  |  |  | 89 |
|  |  | 37,174 |  |  |  | 36,962 |
Less accumulated depreciation |  |  | (11,712 | ) |  |  | (9,134 | )
Total property and equipment, net |  | $ | 25,462 |  |  | $ | 27,828 |
Depreciation expense was $0.9 million and $2.8 million for the three and nine months ended September 30, 2025, compared to $1.0 million and $2.8 million for the three and nine months ended September 30, 2024, respectively. Intangible assets, excluding goodwill, consist of the following (in thousands):
|  | September 30, 2025 |  |  | December 31, 2024 |
|  | Cost |  |  | Accumulated Amortization |  |  | Net Carrying Value |  |  | Cost |  |  | Accumulated Amortization |  |  | Net Carrying Value |
Intangible assets subject to amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Patents |  | $ | 1,944 |  |  | $ | (972 | ) |  | $ | 972 |  |  | $ | 1,940 |  |  | $ | (877 | ) |  | $ | 1,063 |
Purchased technology |  |  | 16,900 |  |  |  | (13,614 | ) |  |  | 3,286 |  |  |  | 16,900 |  |  |  | (12,206 | ) |  |  | 4,694 |
Intangible assets not subject to amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks |  |  | 117 |  |  |  | — |  |  |  | 117 |  |  |  | 117 |  |  |  | — |  |  |  | 117 |
Total |  | $ | 18,961 |  |  | $ | (14,586 | ) |  | $ | 4,375 |  |  | $ | 18,957 |  |  | $ | (13,083 | ) |  | $ | 5,874 |
Amortization expense related to definite-lived intangible assets was $0.5 million and $1.5 million for both the three and nine months ended September 30, 2025 and 2024, respectively. Future estimated amortization expense of intangible assets is (in thousands):
|  | As of September 30, 2025 |
Remainder of 2025 |  |  | 507 |
2026 |  |  | 2,012 |
2027 |  |  | 1,055 |
2028 |  |  | 104 |
2029 |  |  | 95 |
2030 and thereafter |  |  | 485 |
Total |  | $ | 4,258 |
Accrued liabilities consist of the following (in thousands):
|  | As of |
|  | September 30, 2025 |  |  | December 31, 2024 |
Compensation related accruals |  | $ | 6,946 |  |  | $ | 6,770 |
Accrued clinical trial expenses |  |  | 747 |  |  |  | 919 |
Other expenses |  |  | 2,027 |  |  |  | 2,375 |
Total accrued liabilities |  | $ | 9,720 |  |  | $ | 10,064 |

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/210/tableOfContent + Details
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