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Balance Sheet Components
12 Months Ended
Dec. 31, 2022
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Components

6. BALANCE SHEET COMPONENTS

 

Property and Equipment—

Property and equipment consisted of the following as of December 31, 2022 and 2021:

 

(in thousands)

 

DECEMBER 31,
2022

 

 

DECEMBER 31,
2021

 

Computer and other equipment

 

$

180

 

 

$

154

 

Capitalized software

 

 

89

 

 

 

89

 

Furniture and fixtures

 

 

151

 

 

 

151

 

Leasehold improvements

 

 

338

 

 

 

315

 

Construction in progress

 

 

 

 

 

8

 

Less accumulated depreciation

 

 

(373

)

 

 

(206

)

Property and equipment—net

 

$

385

 

 

$

511

 

 

Depreciation expense totaled $0.2 million and $0.1 million for the years ended December 31, 2022 and 2021, respectively.

 

Prepaid Expenses and Other Assets—

Prepaid expenses and other assets consisted of the following as of December 31, 2022 and 2021:

 

(in thousands)

 

DECEMBER 31,
2022

 

 

DECEMBER 31,
2021

 

Research and development

 

$

7,904

 

 

$

3,303

 

Insurance

 

 

933

 

 

 

1,467

 

Other prepaids

 

 

615

 

 

 

370

 

Other assets

 

 

1,050

 

 

 

395

 

 

 

$

10,502

 

 

$

5,535

 

 

Accrued Expenses—

Accrued expenses consisted of the following as of December 31, 2022 and 2021:

 

(in thousands)

 

DECEMBER 31,
2022

 

 

DECEMBER 31,
2021

 

Research and development

 

$

3,582

 

 

$

1,937

 

Compensation and related expenses

 

 

4,703

 

 

 

2,955

 

Professional fees

 

 

510

 

 

 

539

 

Other

 

 

654

 

 

 

517

 

 

 

$

9,449

 

 

$

5,948