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Supplemental Balance Sheet Information (Tables)
12 Months Ended
Dec. 31, 2023
Balance Sheet Related Disclosures [Abstract]  
Summary of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:

 

 

 

December 31,

 

 

 

2023

 

 

2022

 

Prepaid research and development expenses

 

$

572

 

 

$

4,509

 

Prepaid insurance

 

 

816

 

 

 

999

 

Prepaid compensation benefits

 

 

 

 

 

327

 

Tax incentive refund, net of reserve

 

 

 

 

 

269

 

Other current assets

 

 

570

 

 

 

1,008

 

Prepaid expenses and other current assets

 

$

1,958

 

 

$

7,112

 

Summary of Property and Equipment, Net

Property and equipment, net consisted of the following:

 

 

 

December 31,

 

 

 

2023

 

 

2022

 

Laboratory and office equipment

 

$

5,973

 

 

$

5,967

 

Leasehold improvements

 

 

629

 

 

 

629

 

Computer equipment

 

 

104

 

 

 

102

 

 

 

6,706

 

 

 

6,698

 

Less: Accumulated depreciation and amortization

 

 

(4,421

)

 

 

(3,804

)

Impairment

 

 

(937

)

 

 

 

Sale of assets

 

 

(1,348

)

 

 

 

 Property and equipment, net

 

$

 

 

$

2,894

 

Summary of Restricted Cash

As of December 31, 2023 and 2022, the Company had restricted cash as presented in the table below, which consists of cash used to secure a letter of credit for the benefit of the landlord in connection with the Company’s lease agreement as well as restricted cash related to the Company’s corporate credit card program. The cash will be restricted until the termination or modification of the lease arrangement and corporate credit card program, respectively.

 

 

 

December 31,

 

 

 

2023

 

 

2022

 

Restricted cash

 

$

283

 

 

$

283

 

Restricted cash, net of current portion

 

 

400

 

 

 

 

Summary of Accrued Expenses

Accrued expenses consisted of the following:

 

 

 

December 31,

 

 

 

2023

 

 

2022

 

Research and development expenses

 

$

711

 

 

$

6,122

 

Compensation and benefit costs

 

 

3,463

 

 

 

4,175

 

Consulting and professional fees

 

 

892

 

 

 

1,224

 

Other liabilities

 

 

383

 

 

 

211

 

 

$

5,449

 

 

$

11,732