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Balance Sheet Details (Tables)
6 Months Ended
Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Components of Prepaid Expenses and Other Current Assets

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

 

 

 

June 30,
2023

 

 

December 31,
2022

 

Prepaid clinical costs

 

$

3,933

 

 

$

2,567

 

Prepaid research and development costs

 

 

1,393

 

 

 

2,293

 

Australian tax incentive receivable

 

 

985

 

 

 

937

 

Prepaid insurance

 

 

372

 

 

 

939

 

Interest receivable

 

 

897

 

 

 

1,353

 

Due from Radionetics

 

 

97

 

 

 

135

 

Due from Sanwa

 

 

403

 

 

 

 

Landlord improvements receivable

 

 

9,440

 

 

 

605

 

Other

 

 

2,761

 

 

 

1,930

 

Total

 

$

20,281

 

 

$

10,759

 

Components of Property and Equipment, Net

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

 

 

 

June 30,
2023

 

 

December 31,
2022

 

Leasehold improvements

 

$

3,516

 

 

$

3,516

 

Lab equipment

 

 

3,403

 

 

 

3,168

 

Office equipment

 

 

859

 

 

 

859

 

Computers and software

 

 

46

 

 

 

41

 

Property and equipment at cost

 

 

7,824

 

 

 

7,584

 

Less accumulated depreciation and amortization

 

 

(4,602

)

 

 

(4,084

)

Total

 

$

3,223

 

 

$

3,500

 

Schedule of Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses consisted of the following (in thousands):

 

 

 

June 30,
2023

 

 

December 31,
2022

 

Accounts payable

 

$

4,845

 

 

$

6,883

 

Accrued clinical costs

 

 

2,279

 

 

 

1,921

 

Accrued research and development costs

 

 

2,274

 

 

 

4,043

 

Accrued outside services and professional fees

 

 

2,234

 

 

 

1,810

 

Accrued landlord improvements

 

 

8,671

 

 

 

359

 

Other accrued expenses

 

 

522

 

 

 

335

 

Total

 

$

20,825

 

 

$

15,351