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Balance Sheet Components

6 Months Ended

Jun. 30, 2023

5. Balance Sheet Components

Property and Equipment, Net

Property and equipment, net consisted of the following:


	June 30,		December 31,
(in thousands)	2023		2022
Machinery and equipment	$	13,141	$	12,944
Computer equipment and software		3,231		3,183
Furniture and fixtures		1,258		1,258
Leasehold improvements		6,234		6,198
Finance lease right of use assets		3,150		4,632
Construction in progress		407		696
Total property and equipment		27,421		28,911
Accumulated depreciation and amortization		(20,492)		(20,157)
Property and equipment, net	$	6,929	$	8,754

Depreciation and amortization expense related to property and equipment, net was $0.8 million and $1.7 million for the three and six months ended June 30, 2023, respectively, and $0.9 million and $1.7 million for the three and six months ended June 30, 2022, respectively.

As of June 30, 2023 and December 31, 2022, the net book value of software implementation costs related to hosting arrangements was $3.5 million and $3.5 million, respectively, and the amortization expense was immaterial for all periods presented.

Accrued and Other Current Liabilities

Accrued and other current liabilities consisted of the following:


	June 30,		December 31,
(in thousands)	2023		2022
Accrued commercial and research and development manufacturing	$	10,338	$	21,774
Accrued co-development costs payable to Junshi Biosciences		4,559		8,356
Accrued royalties		13,189		5,015
Accrued other		9,282		10,634
Lease liabilities, current		4,446		4,318
Total Accrued and other current liabilities	$	41,814	$	50,097