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Balance Sheets Details | 3 Months Ended
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Mar. 31, 2023
Balance Sheets Details [Abstract] |
Balance Sheets Details | Balance Sheets Details Cash Equivalents Cash equivalents consisted of the following (in thousands):
| March 31, 2023 |  | December 31, 2022
| Adjusted Cost |  | Estimated Fair Value |  | Adjusted Cost |  | Estimated Fair Value
Money market funds (1) | $ | 100,165 |  |  | $ | 100,165 |  |  | $ | 77,309 |  |  | $ | 77,309 |
(1) Money market funds are classified in cash and cash equivalents on our unaudited condensed consolidated balance sheets. Average contractual maturities (in days) is not applicable. As of March 31, 2023, the total cash and cash equivalents balance of $102.8 million consisted of money market funds of $100.2 million and cash of $2.6 million held with major financial institutions. As of December 31, 2022, the total cash and cash equivalents balance of $114.0 million consisted of money market funds of $77.3 million and cash of $36.7 million held with major financial institutions. Inventories Inventories consisted of the following (in thousands):
| March 31, 2023 |  | December 31, 2022
Raw materials | $ | 108 |  |  | $ | 108 |
Work in process | 36 |  |  | 91 |
Finished goods | 1,852 |  |  | 1,830 |
Total Inventories | $ | 1,996 |  |  | $ | 2,029 |
Inventories are recorded net of reserves o f $1.2 million a s of March 31, 2023 and December 31, 2022. Property and Equipment, net Property and equipment, net consisted of the following (in thousands):
| March 31, 2023 |  | December 31, 2022
Laboratory equipment | $ | 40,489 |  |  | $ | 39,679 |
Leasehold improvements | 16,694 |  |  | 16,633 |
Computer equipment and software | 3,039 |  |  | 3,039 |
Office equipment and furniture | 1,360 |  |  | 1,345 |
Construction in progress | 3,189 |  |  | 1,739 |
Property and equipment | 64,771 |  |  | 62,435 |
Less: accumulated depreciation and amortization | (41,162) |  |  | (39,821) |
Property and equipment, net | $ | 23,609 |  |  | $ | 22,614 |
Depreciation expense included in both research and development expenses and selling, general and administrative expenses in the unaudited condensed consolidated statements of operations was as follows (in thousands):
| Three Months Ended March 31,
| 2023 |  | 2022
Depreciation expense | $ | 1,466 |  |  | $ | 1,215 |
Goodwill Goodwill had a carrying value of $3.2 million as of March 31, 2023 and December 31, 2022. Other Accrued Liabilities Other accrued liabilities consisted of the following (in thousands):
| March 31, 2023 |  | December 31, 2022
Accrued professional and outside service fees | $ | 4,256 |  |  | $ | 3,495 |
Accrued purchases | 2,896 |  |  | 10,852 |
Other | 1,188 |  |  | 932 |
Total other accrued liabilities | $ | 8,340 |  |  | $ | 15,279 |

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