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Other Financial Statement information
 6 Months Ended
Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Other Financial Statement information Other Financial Statement information
Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consisted of the following (in thousands):
June 30,December 31,
20232022
Prepaid expenses (including prepaid rent)$1,874 $1,871 
Deposits1,277 1,418 
Other 139 101 
Total prepaid expenses and other current assets$3,290 $3,390 
Property and Equipment, Net
Property and equipment, net consisted of the following (in thousands):
June 30,December 31,
20232022
Leasehold improvements$46,748 $1,869 
Lab equipment13,336 8,265 
Furniture and fixtures583 326 
Computer equipment and software383 389 
Construction in progress2,029 48,273 
Property and equipment at cost63,079 59,122 
Less: accumulated depreciation(4,139)(2,986)
Property and equipment, net$58,940 $56,136 
Buildout of the current good manufacturing practice (cGMP) facility in Alameda was completed in June 2023 and the assets were placed in service. On August 10, 2023, the Company announced a transaction with GeneFab, a new independent contract manufacturing and synthetic biology biofoundry. As part of the transaction the Company subleased it’s cGMP facility in Alameda, CA to GeneFab. Refer to Note 13, Subsequent Events, for further details of the GeneFab transaction.
Depreciation totaled $0.8 million and $0.3 million for the three months ended June 30, 2023 and 2022, respectively, and $1.2 million and $0.5 million for the six months ended June 30, 2023 and 2022, respectively.
Accrued Expenses and Other Liabilities
Accrued expenses and other liabilities consisted of the following (in thousands):
June 30,December 31,
20232022
Accrued employee-related expenses$2,099 $3,743 
Accrued professional and service fees related to facility construction1,615 7,342 
Accrued professional and service fees other1,245 1,750 
Other accrued expenses32 29 
Total accrued expenses and other current liabilities$4,991 $12,864