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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Cash, Cash Equivalents, and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents and short-term and long-term restricted cash reported within the consolidated balance sheets that sum to the total of the same amounts shown in the consolidated statements of cash flows (in thousands):

 

 

December 31,

 

 

 

2023

 

 

2022

 

Cash and cash equivalents

 

$

62,986

 

 

$

55,498

 

Restricted cash

 

 

2,299

 

 

 

3,977

 

Long-term restricted cash

 

 

5,290

 

 

 

5,290

 

Total cash, cash equivalents and restricted cash

 

$

70,575

 

 

$

64,765

 

Estimated Useful Lives of Assets

Depreciation is calculated using the straight-line method over the estimated useful lives of the respective assets, which are as follows:

Asset

 

Estimated Useful Life

Computer equipment and software

 

3 to 5 years

Furniture and fixtures

 

5 years

Laboratory equipment

 

5 to 7 years

Leasehold improvements

 

Shorter of useful life or lease term