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Composition of Certain Condensed Consolidated Financial Statement Line Items
6 Months Ended
Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Composition of Certain Condensed Consolidated Financial Statement Line Items Composition of Certain Condensed Consolidated Financial Statement Line Items
Property and Equipment, Net
Property and equipment consisted of the following:
(in thousands)June 30,
2022
December 31,
2021
Laboratory equipment$4,460 $4,032 
Computer hardware157 157 
Furniture, fixtures and office equipment26 
Leasehold improvements
Construction in progress1,307 279 
5,958 4,477 
Less: Accumulated depreciation(2,556)(1,994)
Total$3,402 $2,483 
The Company recorded depreciation expense of $0.3 million and $0.6 million for the three and six months ended June 30, 2022 and $0.3 million and $0.5 million for the three and six months ended June 30, 2021, respectively, which was primarily allocated to research and development expense.
Other Long Term Assets
Other long term assets consisted of the following:
(in thousands)June 30,
2022
December 31,
2021
Restricted cash$842 $842 
Deposits
155 155 
Total$997 $997 
Accrued Expenses and Other Liabilities
Accrued expenses and other liabilities consisted of the following:
(in thousands)June 30,
2022
December 31,
2021
Employee compensation$1,299 $1,465 
Accrued research and development874 518 
Accrued professional and consulting fees539 411 
Accrued facilities— 337 
Other396 388 
Total$3,108 $3,119 
Cash, Cash Equivalents and Restricted Cash
Cash, cash equivalents and restricted cash consisted of the following:
(in thousands)June 30,
2022
December 31,
2021
Cash and cash equivalents$210,354 $185,619 
Restricted cash included in other long term assets842 842 
Total$211,196 $186,461