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Prepaid Expenses and Other Current Assets, and Deposits and other assets
3 Months Ended
Mar. 31, 2023
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):

March 31, 

December 31, 

2023

    

2022

Contract manufacturing⁽¹⁾

$

3,868

$

4,097

Insurance

983

1,243

Clinical and Preclinical

695

924

Research and development

251

67

IT and software

    

133

 

189

Interest receivable

 

130

 

336

Sales and Marketing

113

158

Rent and utilities

106

132

Other

14

12

Accounting and Audit

270

Total prepaid expenses and other current assets

$

6,293

$

7,428

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

Deposits and other assets as of March 31, 2023 and December 31, 2022, were $3.0 million and $3.1 million, respectively. As of March 31, 2023, deposits and other assets is mainly comprised of $2.9 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.