Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Summary of Cash, Cash Equivalents and Restricted Cash

The following table presents cash and cash equivalents and restricted cash as reported on the consolidated balance sheets that equal the total amounts on the consolidated statements of cash flows (in thousands):

	December 31,
	2021		2020
Cash and cash equivalents	$	138,704	$	296,608
Restricted cash	1,016		600
Total cash, cash equivalents and restricted cash as shown on the consolidated statements of cash flows	$	139,720	$	297,208

Schedule of Restricted Cash and Cash Equivalents

The following table presents cash and cash equivalents and restricted cash as reported on the consolidated balance sheets that equal the total amounts on the consolidated statements of cash flows (in thousands):

	December 31,
	2021		2020
Cash and cash equivalents	$	138,704	$	296,608
Restricted cash	1,016		600
Total cash, cash equivalents and restricted cash as shown on the consolidated statements of cash flows	$	139,720	$	297,208

Property, Plant and Equipment

Property and equipment are recorded at cost. Depreciation is calculated using the straight-line method over the following estimated useful lives of the assets:

	Estimated Useful Life
Office furniture and equipment	5 years
Laboratory equipment	3 years
Computer equipment	3 years

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

	December 31,
	2021		2020
Computer equipment	$	579	$	9
Office furniture and equipment	545		113
Laboratory equipment	242		48
Total property and equipment	1,366		170
Less: Accumulated depreciation	(153)		(88)
Property and equipment, net	$	1,213	$	82