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Balance Sheet Components (Tables)
6 Months Ended
Jun. 30, 2024
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,
2024

 

 

December 31,
2023

 

Cash

$

2,939

 

 

$

8,488

 

Cash equivalents

 

154,365

 

 

 

216,622

 

Cash and cash equivalents

 

 

157,304

 

 

 

225,110

 

Restricted cash

 

1,032

 

 

 

1,032

 

Cash, cash equivalents and restricted cash

$

158,336

 

 

$

226,142

 

 

Summary of Prepaid Expenses and Other Current Assets

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

 

 

 

June 30,
2024

 

 

December 31,
2023

 

Prepaid research and development costs

 

$

4,130

 

 

$

2,617

 

Prepaid insurance

 

 

309

 

 

 

704

 

Other prepaid expenses

 

 

831

 

 

 

760

 

Other current assets

 

 

 

 

 

63

 

Total prepaid expenses and other current assets

 

$

5,270

 

 

$

4,144

 

Summary of Property and Equipment, Net

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

 

 

 

June 30,
2024

 

 

December 31,
2023

 

Leasehold improvements

 

$

17,245

 

 

$

17,245

 

Laboratory equipment

 

 

1,832

 

 

 

1,832

 

Furniture and fixtures

 

 

692

 

 

 

692

 

Computer equipment and software

 

 

33

 

 

 

33

 

Construction in progress

 

 

4

 

 

 

 

Total property and equipment, gross

 

 

19,806

 

 

 

19,802

 

Less: accumulated depreciation

 

 

(6,104

)

 

 

(5,029

)

Total property and equipment, net

 

$

13,702

 

 

$

14,773

 

Summary of Accrued Liabilities

Accrued liabilities consisted of the following (in thousands):

 

 

 

June 30,
2024

 

 

December 31,
2023

 

Accrued research and development expenses

 

$

6,538

 

 

$

4,027

 

Accrued compensation

 

 

2,766

 

 

 

5,607

 

Accrued professional services

 

 

1,240

 

 

 

501

 

Other accrued expenses

 

 

113

 

 

 

100

 

Total accrued liabilities

 

$

10,657

 

 

$

10,235