Quarterly report [Sections 13 or 15(d)]

Balance Sheet Components (Tables)

v3.25.2
Balance Sheet Components (Tables)
6 Months Ended
Jun. 30, 2025
Balance Sheet Components [Abstract]  
Schedule of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets as of December 31, 2024 and June 30, 2025 consisted of the following (in thousands):

 

    As of     As of  
    December 31,     June 30,  
    2024     2025  
             
Prepaid directors’ and officers’ liability insurance premiums   $ 263     $ 15  
Prepaid preclinical services     3,572       6,344  
Other     971       840  
Total   $ 4,806     $ 7,199  
Schedule of Property, Plant and Equipment

Property and equipment as of December 31, 2024 and June 30, 2025 consisted of the following (in thousands):

 

    As of     As of  
    December 31,     June 30,  
    2024     2025  
             
Leasehold improvements   $ 49     $ 63  
Lab equipment     26       26  
Furniture and fixtures     39       47  
Subtotal     114       136  
Less accumulated depreciation     (39 )     (53 )
Net   $ 75     $ 83  
Schedule of Accounts Payable

Accounts payable as of December 31, 2024 and June 30, 2025 consisted of the following (in thousands):

 

    As of     As of  
    December 31,     June 30,  
    2024     2025  
             
Trade accounts payable   $ 966     $ 708  
Credit card liability     92       67  
Total   $ 1,058     $ 775  
Schedule of Accrued Liabilities

Accrued liabilities as of December 31, 2024 and June 30, 2025 consisted of the following (in thousands):

 

    As of     As of  
    December 31,     June 30,  
    2024     2025  
             
Accrued labor costs   $      1,910     $ 1,182  
Accrued drug development costs     1,258       576  
Other     394       410  
Total   $ 3,562     $ 2,168