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Restructuring Plan (Tables)
9 Months Ended
Sep. 30, 2023
Restructuring and Related Activities [Abstract]  
Summary of restructuring costs

A summary of the restructuring costs recorded in the condensed consolidated statements of operations and comprehensive loss for the three and nine months ended September 30, 2023 is as follows (in thousands):

 

 

 

Three Months Ended September 30, 2023

 

 

 

ROU Asset Impairment

 

 

Severance and Benefits Costs

 

 

Stock-based Compensation

 

 

Total Restructuring Cost Recorded

 

General and administrative expense

 

$

 

 

$

189

 

 

 

33

 

 

$

222

 

Total restructuring costs

 

$

 

 

$

189

 

 

$

33

 

 

$

222

 

 

 

 

Nine Months Ended September 30, 2023

 

 

 

ROU Asset Impairment

 

 

Severance and Benefits Costs

 

 

Stock-based Compensation

 

 

Total Restructuring Cost Recorded

 

General and administrative expense

 

$

180

 

 

$

6,025

 

 

$

8,707

 

 

$

14,912

 

Research and development expense

 

 

 

 

 

1,342

 

 

 

488

 

 

 

1,830

 

Total restructuring costs

 

$

180

 

 

$

7,367

 

 

$

9,195

 

 

$

16,742

 

 

Schedule of restructuring liability

The activity in the restructuring liability is as follows (in thousands):

 

 

 

Restructuring Liability 2023

 

Restructuring liability as of December 31, 2022

 

$

 

Severance costs incurred during the three months ended March 31, 2023

 

 

6,779

 

Severance costs paid during the three months ended March 31, 2023

 

 

(5,492

)

Restructuring liability as of March 31, 2023

 

 

1,287

 

Severance costs incurred during the three months ended June 30, 2023

 

 

399

 

Severance costs paid during the three months ended June 30, 2023

 

 

(919

)

Restructuring liability as of June 30, 2023

 

 

767

 

Severance costs incurred during the three months ended September 30, 2023

 

 

189

 

Severance costs paid during the three months ended September 30, 2023

 

 

(511

)

Restructuring liability as of September 30, 2023

 

$

445