Composition of Certain Balance Sheet Components

12 Months Ended

Dec. 31, 2020

Balance Sheet Related Disclosures [Abstract]

Composition of Certain Balance Sheet Components

Note 3. Composition of Certain Balance Sheet Components

Prepaid expenses and other current assets

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

	December 31,
	2020		2019
Landlord reimbursement	$	137	$	421
Rent		217		259
Insurance		2,226		204
Contract research services		651		543
Other		1,613		434
Total prepaid expenses and other current assets	$	4,844	$	1,861

Property and equipment, net

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

	December 31,
	2020			2019
Lab equipment	$	11,420		$	6,957
Leasehold improvements		13,826			165
Computer equipment and software		1,381			456
Furniture and fixtures		928			560
Construction in progress		376			4,729
Total property and equipment		27,931			12,867
Less: Accumulated depreciation and amortization		(4,595	)		(2,009	)
Total property and equipment, net	$	23,336		$	10,858

Depreciation expense associated with property and equipment was $2.6 million and $1.2 million for the years ended December 31, 2020 and 2019, respectively.

Goodwill and other intangible assets, net

Goodwill and other intangible assets, net consist of the following as of (in thousands):

	December 31,
	2020		2019
Goodwill	$	4,228	$	4,228
Indefinite lived intangible assets:
IPR&D	$	1,320	$	1,320
Total intangible assets, net	$	1,320	$	1,320

There were no impairments of goodwill for the years ended December 31, 2020 and 2019.

Accrued and other liabilities

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

	December 31,
	2020		2019
Contract research services	$	15,822	$	7,993
Payroll and related expense		6,793		3,283
Lease cancellation fee		—		979
Other		1,839		1,671
Total accrued and other liabilities	$	24,454	$	13,926