Balance Sheet Accounts and Supplemental Disclosures

6 Months Ended

Jun. 30, 2023

Balance Sheets Accounts And Supplemental Disclosures [Abstract]

Balance Sheet Accounts and Supplemental Disclosures

Balance Sheet Accounts and Supplemental Disclosures

Property and Equipment

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

	Estimated Useful Life (in years)	June 30, 2023		December 31, 2022
Office equipment	3-7	$	1,097	$	1,097
Computer equipment	5	123		123
Software	3	130		130
Lab equipment	2-5	6,181		6,098
Leasehold improvements	6-7	2,562		2,562
Construction in process	N/A	—		83
Total property and equipment		10,093		10,093
Less: accumulated depreciation		7,039		6,112
Property and equipment, net		$	3,054	$	3,981

For the three months ended June 30, 2023 and 2022 the Company recorded approximately $0.5 million in both periods, respectively, in depreciation expense, and for the six months ended June 30, 2023 and 2022, the Company recorded approximately $0.9 million in both periods, in depreciation expense, which is included in general and administrative expense and research and development expense on the condensed consolidated statements of operations and comprehensive loss.

Accrued Expenses and Other Current Liabilities

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

	As of
	June 30, 2023		December 31, 2022
Accrued compensation and benefits	$	8,199	$	13,534
Operating lease liabilities	3,140		2,983
Accrued consulting fees	821		1,104
Accrued interest	1,021		1,065
Accrued legal fees	228		380
Accrued accounting fees	93		521
Accrued other	758		945
Total accrued expenses and other current liabilities	$	14,260	$	20,532