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Prepaid Expenses and Other Current Assets
6 Months Ended
Jun. 30, 2025
Prepaid Expense and Other Assets, Current [Abstract]  
Prepaid Expenses and Other Current Assets

5. PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepaid expenses and other current assets consist of the following (in thousands):

 

 

 

June 30,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Contract research and development costs

 

$

1,478

 

 

$

1,103

 

Research and development tax credit receivable

 

 

962

 

 

 

836

 

Prepaid insurance costs

 

 

232

 

 

 

590

 

Value-added tax refund receivable

 

 

26

 

 

 

45

 

Other

 

 

118

 

 

 

90

 

Total prepaid expenses and other current assets

 

$

2,816

 

 

$

2,664