Balance Sheet Components

12 Months Ended

Dec. 31, 2025

Balance Sheet Related Disclosures [Abstract]

4. Balance Sheet Components

Property and Equipment, net

Property and equipment, net, consist of the following (in thousands):


	December 31,
	2025			2024
Laboratory equipment	$	7,888		$	9,745
Office equipment		386			386
Leasehold improvements		358			286
Total property and equipment		8,632			10,417
Less accumulated depreciation and amortization		(7,387	)		(7,278	)
Total	$	1,245		$	3,139

Depreciation expense related to property and equipment was $1.3 million and $1.8 million for the years ended December 31, 2025 and 2024, respectively.

Sale of Property and Equipment, net

During the year ended December 31, 2025, the Company sold certain laboratory equipment. As a result, the Company recorded proceeds of $1.0 million and incurred a gain on disposal of $0.3 million.

Prepaids and Other Current Assets and Other Non-current Assets

Prepaids and other current assets and other non-current assets consist of the following (in thousands):


	December 31,
	2025		2024
Prepaids and other current assets:
Cloud computing arrangement implementation costs	$	175	$	55
Prepaid software		365		501
Prepaid rent		564		532
Other receivables, net		973		1,165
Other prepaids and other current assets		478		454
Prepaids and other current assets	$	2,555	$	2,707
Other non-current assets
Cloud computing arrangement implementation costs - non-current	$	137	$	51
Other non-current assets		1		11
Other non-current assets	$	138	$	62

As of December 31, 2025 and 2024, cloud computing arrangement implementation costs consisted of deferred costs of zero and zero, respectively, and associated accumulated amortization of $0.2 million and $0.4 million, respectively.

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consist of the following (in thousands):


	December 31,
	2025		2024
Accrued research and development	$	1,043	$	3,761
Accrued compensation		1,642		4,203
Accrued restructuring charges		744		739
Accrued other		288		380
Total	$	3,717	$	9,083