Balance Sheet Components |
8.Balance Sheet Components Property and Equipment, net Property and equipment, net consists of the following:
|
|
|
|
|
|
|
|
|
|
|
December 31, |
|
|
|
2021 |
|
|
2020 |
|
|
|
(in thousands) |
|
Laboratory equipment |
|
$ |
20,012 |
|
|
$ |
16,769 |
|
Computer equipment |
|
|
1,112 |
|
|
|
556 |
|
Furniture and fixtures |
|
|
1,443 |
|
|
|
1,444 |
|
Leasehold improvements |
|
|
7,834 |
|
|
|
7,274 |
|
Construction in progress |
|
|
26,925 |
|
|
|
1,135 |
|
Property and equipment, gross |
|
|
57,326 |
|
|
|
27,178 |
|
Less accumulated depreciation and amortization |
|
|
(14,492 |
) |
|
|
(9,232 |
) |
Total property and equipment, net |
|
$ |
42,834 |
|
|
$ |
17,946 |
|
Depreciation and amortization expenses were $5.3 million, $4.4 million and $3.3 million for the years ended December 31, 2021, 2020 and 2019, respectively. Accrued and Other Liabilities Accrued and other liabilities consist of the following:
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|
|
|
|
|
|
|
|
December 31, |
|
|
|
2021 |
|
|
2020 |
|
|
|
(in thousands) |
|
Milestone payable |
|
$ |
95,000 |
|
|
$ |
— |
|
Accrued royalties |
|
|
58,672 |
|
|
|
— |
|
Research and development expenses |
|
|
28,073 |
|
|
|
49,384 |
|
Payroll and related expenses |
|
|
29,753 |
|
|
|
17,060 |
|
Accrued income taxes |
|
|
6,217 |
|
|
|
— |
|
Excess funds payable under grant agreements |
|
|
1,825 |
|
|
|
3,467 |
|
Operating lease liabilities, current |
|
|
3,927 |
|
|
|
3,625 |
|
Other professional and consulting expenses |
|
|
2,791 |
|
|
|
2,595 |
|
Other accrued expenses |
|
|
10,254 |
|
|
|
805 |
|
Total accrued and other liabilities |
|
$ |
236,512 |
|
|
$ |
76,936 |
|
|