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Supplemental Balance Sheet Information | 9 Months Ended
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Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Supplemental Balance Sheet Information | 6. Supplemental Balance Sheet Information Property and Equipment Property and equipment, net, consists of the following:
|  | September 30, 2023 |  |  | December 31, 2022 |
|  | (in thousands) |
Laboratory equipment |  | $ | 8,581 |  |  | $ | 7,720 |
Computer equipment |  |  | 2,312 |  |  |  | 2,235 |
Computer software |  |  | 125 |  |  |  | 125 |
Furniture and fixtures |  |  | 1,737 |  |  |  | 1,699 |
Leasehold improvements |  |  | 2,857 |  |  |  | 2,778 |
Construction in progress |  |  | 20 |  |  |  | 8 |
|  |  | 15,632 |  |  |  | 14,565 |
Less: Accumulated depreciation |  |  | (5,371 | ) |  |  | (3,681 | )
Property and equipment, net |  | $ | 10,261 |  |  | $ | 10,884 |
Depreciation expense w as $1.8 million and $1.0 million fo r the nine months ended September 30, 2023 and 2022, respectively. Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities include the following:
|  | September 30, 2023 |  |  | December 31, 2022 |
|  | (in thousands) |
Payroll and employee-related costs |  | $ | 5,415 |  |  | $ | 5,738 |
Research and development costs |  |  | 4,613 |  |  |  | 10,490 |
Other |  |  | 1,439 |  |  |  | 1,267 |
Total accrued expenses and other current liabilities |  | $ | 11,467 |  |  | $ | 17,495 |
Restricted Cash As of September 30, 2023 and 2022, the Company maintained a restricted cash balance of $3.4 million and $4.0 million, respectively, all of which was related to security deposits associated with the Company’s facility leases. The cash will remain restricted in accordance with the lease agreements absent the event of a lease termination or modification. The reconciliation of cash and cash equivalents and restricted cash to amounts presented in the condensed consolidated statements of cash flows are as follows:
|  | September 30, 2023 |  |  | September 30, 2022 |
|  | (in thousands) |
Cash and cash equivalents |  | $ | 58,533 |  |  | $ | 100,312 |
Restricted cash |  |  | 3,423 |  |  |  | 3,990 |
Cash, cash equivalents and restricted cash |  | $ | 61,956 |  |  | $ | 104,302 |

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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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