XML 26 R14.htm IDEA: XBRL DOCUMENT v3.22.2.2
Prepaid Expenses and Other Current Assets, and Deposits and other assets
9 Months Ended
Sep. 30, 2022
Prepaid Expenses and Other Current Assets, and Deposits and other assets  
Prepaid Expenses and Other Current Assets, and Deposits and other assets

8. Prepaid Expenses and Other Current Assets, and Deposits and other assets

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

September 30, 

December 31, 

2022

    

2021

Contract manufacturing⁽¹⁾

$

4,028

$

5,036

Insurance

506

74

Clinical and Preclinical

472

142

Interest receivable

 

369

 

443

Research and development

9

39

Accounting and Audit

148

Rent and utilities

108

105

IT and software

    

21

 

225

Sales and Marketing

17

98

Other

36

56

Total prepaid expenses and other current assets

$

5,714

$

6,218

(1)Includes deposits to contract manufacturers for manufacturing process.

Deposits and other assets as of September 30, 2022 and December 31, 2021, were $3.2 million and $1.1 million, respectively. As of September 30, 2022, deposits and other assets is mainly comprised of $3.1 million for our right-of-use asset related to our operating lease of 33,000 square feet of research and office space for our corporate headquarters. In June 2022, the Company extended our lease for an additional five-year term. We recorded a modification to our right-of-use asset for the right-to-use the underlying asset for the additional lease term.