XML 21 R11.htm IDEA: XBRL DOCUMENT

Balance Sheet Components

3 Months Ended

Mar. 31, 2023

4. Balance Sheet Components

Prepaid Expenses and Other Current Assets

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


	March 31, 2023		December 31, 2022
Prepaid research and development costs	$	2,807	$	3,805
Prepaid insurance		440		755
Other prepaid expenses		959		678
Other current assets		165		203
Total prepaid expenses and other current assets	$	4,371	$	5,441

Property and Equipment, Net

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


	March 31, 2023			December 31, 2022
Leasehold improvements	$	17,246		$	17,231
Laboratory equipment		1,776			1,764
Furniture and fixtures		692			692
Computer equipment and software		34			34
Construction in progress		5			—
Total property and equipment, gross		19,753			19,721
Less: accumulated depreciation		(3,419	)		(2,883	)
Total property and equipment, net	$	16,334		$	16,838

The Company recognized depreciation for property and equipment of $0.5 million for each of the three months ended March 31, 2023 and 2022.

Accrued Liabilities

Accrued liabilities consisted of the following (in thousands):


	March 31, 2023		December 31, 2022
Accrued research and development expenses	$	7,513	$	7,720
Accrued compensation		2,053		5,299
Accrued professional services		1,076		394
Other accrued expenses		35		35
Total accrued liabilities	$	10,677	$	13,448