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Condensed Consolidated Balance Sheet Components
 6 Months Ended
Jun. 30, 2023
Condensed Consolidated Balance Sheet Components [Abstract]  
CONDENSED CONSOLIDATED BALANCE SHEET COMPONENTS

NOTE 4. CONDENSED CONSOLIDATED BALANCE SHEET COMPONENTS

 

Prepaid expenses and other current assets

 

The following table summarizes the details of prepaid expenses and other current assets as of the dates set forth below (in thousands):

 

   June 30,   December 31, 
   2023   2022 
Research and development prepaid expenses  $1,168   $842 
Prepaid insurance   604    1,362 
Payroll tax credit receivable   277    250 
Other receivables   53    118 
Other prepaid expenses and current assets   653    246 
Total  $2,755   $2,818 

 

Property and equipment, net

 

The following table summarizes the details of property and equipment, net as of the dates set forth below (in thousands):

 

   June 30,   December 31, 
   2023   2022 
Leasehold improvements  $2,477   $2,477 
Lab equipment   1,743    1,706 
Office furniture & fixtures   502    502 
Computer equipment   145    145 
Capitalized software   90    90 
Property and equipment, gross   4,957    4,920 
Less: accumulated depreciation and amortization   (1,901)   (1,352)
Property and equipment, net  $3,056   $3,568 

 

Depreciation and amortization expense was $0.3 million and $0.2 million for the three months ended June 30, 2023 and 2022, respectively, and $0.5 million and $0.4 million for the six months ended June 30, 2023 and 2022, respectively.

 

Accrued expenses and other current liabilities

 

The following table summarizes the details of accrued expenses and other current liabilities as of the dates set forth below (in thousands):

 

   June 30,   December 31, 
   2023   2022 
Research and development accrued expenses  $5,157   $2,651 
Accrued employee and related compensation expenses   928    1,587 
Other   389    194 
Total  $6,474   $4,432 

 

Other non-current liabilities

 

The following table summarizes the details of other non-current liabilities as of the dates set forth below (in thousands):

 

   June 30,   December 31, 
   2023   2022 
CIRM grant liability  $2,264   $2,264 
Restricted stock liability   2    9 
Other non-current liabilities   48    80 
Total  $2,314   $2,353