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Balance Sheet Components
6 Months Ended
Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet Components

6. Balance Sheet Components

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following (in thousands):

 

 

 

June 30,
2022

 

 

December 31,
2021

 

Prepaid expenses

 

$

7,615

 

 

$

6,123

 

Other current assets

 

 

1,060

 

 

 

1,109

 

Total

 

$

8,675

 

 

$

7,232

 

 

Property and Equipment, Net

Property and equipment, net consisted of the following (in thousands):

 

 

 

June 30,
2022

 

 

December 31,
2021

 

Computers and software

 

$

3,533

 

 

$

5,004

 

Building and leasehold improvements

 

 

755

 

 

 

437

 

Laboratory equipment

 

 

1,568

 

 

 

2,688

 

Furniture, fixtures, and office equipment

 

 

1,310

 

 

 

1,142

 

Construction in progress

 

 

88

 

 

 

16

 

Land

 

 

346

 

 

 

346

 

Total property and equipment

 

 

7,600

 

 

 

9,633

 

Less accumulated depreciation and amortization

 

 

(5,146

)

 

 

(5,621

)

Property and equipment, net

 

$

2,454

 

 

$

4,012

 

 

Depreciation expense included in continuing operations was $0.2 million and $0.5 million for the three and six months ended June 30, 2022, respectively, and $0.5 million and $1.0 million for the three and six months ended June 30, 2021, respectively.

Other Assets

Other assets consisted of the following (in thousands):

 

 

 

June 30,
2022

 

 

December 31,
2021

 

Investment in Enumera

 

$

6,000

 

 

$

 

Other

 

 

227

 

 

 

326

 

Total

 

$

6,227

 

 

$

326

 

Intangible Assets, Net

All intangible assets were included as part of the sale of Avero in December 2021 (see Note 4) and there was no amortization expense for the three and six months ended June 30, 2022. Amortization expense was $0.2 million and $0.5 million for the three and six months ended June 30, 2021, respectively, and is included in discontinued operations.

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following (in thousands):

 

 

 

June 30,
2022

 

 

December 31,
2021

 

Accrual for reimbursement claims and settlements, current (1)

 

$

17,961

 

 

$

18,127

 

Commissions and bonuses

 

 

1,195

 

 

 

3,883

 

Vacation and payroll benefits

 

 

3,908

 

 

 

6,894

 

Accrued professional services

 

 

260

 

 

 

652

 

Accrued interest

 

 

846

 

 

 

802

 

Lease liabilities, current

 

 

1,468

 

 

 

 

Insurance financing

 

 

3,165

 

 

 

489

 

Contract liabilities

 

 

89

 

 

 

301

 

Other (2)

 

 

2,048

 

 

 

3,009

 

Total

 

$

30,940

 

 

$

34,157

 

 

(1) All of the Company's revenues related to Laboratory Operations have been discontinued; amounts related to the revenue reserve generated from the Laboratory Operations remain on the balance sheet.

(2) Included in this amount are contracts that the Company will be responsible for that cannot be terminated; as there is no future benefit to the Company, they were expensed in discontinued operations in 2021.

Other Long-term Liabilities

Other long-term liabilities consisted of the following (in thousands):

 

 

 

June 30,
2022

 

 

December 31,
2021

 

Accrual for reimbursement claims and settlements, net of current portion (1)

 

$

192

 

 

$

192

 

Lease liabilities, net of current portion

 

 

680

 

 

 

 

Other (2)

 

 

4,665

 

 

 

5,622

 

Total

 

$

5,537

 

 

$

5,814

 

 

(1) All of the Company's revenues related to Laboratory Operations have been discontinued; amounts related to the revenue reserve generated from the Laboratory Operations remain on the balance sheet.

(2) Included in this amount are contracts that the Company will be responsible for that cannot be terminated; as there is no future benefit to the Company, they were expensed in discontinued operations in 2021.