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Supplemental Balance Sheet Information | 3 Months Ended
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Mar. 31, 2024
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:
|  | March 31, 2024 |  |  | December 31, 2023 |
|  | (in thousands) |
Laboratory equipment |  | $ | 8,850 |  |  | $ | 8,788 |
Computer equipment |  |  | 2,417 |  |  |  | 2,312 |
Computer software |  |  | 125 |  |  |  | 125 |
Furniture and fixtures |  |  | 1,777 |  |  |  | 1,777 |
Leasehold improvements |  |  | 2,857 |  |  |  | 2,857 |
Construction in progress |  |  | 109 |  |  |  | 38 |
|  |  | 16,135 |  |  |  | 15,897 |
Less: Accumulated depreciation |  |  | (6,613 | ) |  |  | (5,989 | )
Property and equipment, net |  | $ | 9,522 |  |  | $ | 9,908 |
Depreciation expens e was $0.6 million and $0.6 million for the three months ended March 31, 2024 and 2023, respectively. Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities include the following:
|  | March 31, 2024 |  |  | December 31, 2023 |
|  | (in thousands) |
Payroll and employee-related costs |  | $ | 2,858 |  |  | $ | 7,910 |
Research and development costs |  |  | 8,909 |  |  |  | 6,204 |
Other |  |  | 1,988 |  |  |  | 1,287 |
Total accrued expenses and other current liabilities |  | $ | 13,755 |  |  | $ | 15,401 |
Restricted Cash As of March 31, 2024 and 2023, the Company maintained a restricted cash balance of $2.6 million and $3.4 million, respectively, all of which was related to a security deposit associated with the Company’s facility lease. The cash will remain restricted in accordance with the lease agreement 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:
|  | March 31, 2024 |  |  | March 31, 2023 |
|  | (in thousands) |
Cash and cash equivalents |  | $ | 61,163 |  |  | $ | 57,252 |
Restricted cash |  |  | 2,567 |  |  |  | 3,423 |
Cash, cash equivalents and restricted cash |  | $ | 63,730 |  |  | $ | 60,675 |

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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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