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Balance Sheet Components (Tables)
6 Months Ended
Jun. 30, 2023
Disclosure Of Balance Sheet Components [Abstract]  
Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same amounts shown in the condensed consolidated statements of cash flows (in thousands):

 

 

 

June 30,
2023

 

 

December 31,
2022

 

Cash

$

563

 

 

$

570

 

Cash equivalents

 

113,051

 

 

 

139,450

 

Cash and cash equivalents

 

 

113,614

 

 

 

140,020

 

Restricted cash

 

1,032

 

 

 

1,032

 

Cash, cash equivalents and restricted cash

$

114,646

 

 

$

141,052

 

Summary of Prepaid Expenses and Other Current Assets

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

 

 

 

June 30,
2023

 

 

December 31,
2022

 

Prepaid research and development costs

 

$

3,291

 

 

$

3,805

 

Prepaid insurance

 

 

269

 

 

 

755

 

Other prepaid expenses

 

 

896

 

 

 

678

 

Other current assets

 

 

167

 

 

 

203

 

Total prepaid expenses and other current assets

 

$

4,623

 

 

$

5,441

 

 

Summary of Property and Equipment, Net

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

 

 

 

June 30,
2023

 

 

December 31,
2022

 

Leasehold improvements

 

$

17,246

 

 

$

17,231

 

Laboratory equipment

 

 

1,814

 

 

 

1,764

 

Furniture and fixtures

 

 

692

 

 

 

692

 

Computer equipment and software

 

 

33

 

 

 

34

 

Total property and equipment, gross

 

 

19,785

 

 

 

19,721

 

Less: accumulated depreciation

 

 

(3,955

)

 

 

(2,883

)

Total property and equipment, net

 

$

15,830

 

 

$

16,838

 

Summary of Accrued Liabilities

Accrued liabilities consisted of the following (in thousands):

 

 

 

June 30,
2023

 

 

December 31,
2022

 

Accrued research and development expenses

 

$

5,459

 

 

$

7,720

 

Accrued compensation

 

 

2,948

 

 

 

5,299

 

Accrued professional services

 

 

454

 

 

 

394

 

Other accrued expenses

 

 

92

 

 

 

35

 

Total accrued liabilities

 

$

8,953

 

 

$

13,448