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Balance Sheet Details
3 Months Ended
Mar. 31, 2023
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Details

2. Balance Sheet Details

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

 

 

 

March 31,
2023

 

 

December 31,
2022

 

Prepaid research and development

 

$

4,983

 

 

$

4,385

 

Prepaid insurance

 

 

1,578

 

 

 

 

Other prepaid expenses and current assets

 

 

469

 

 

 

539

 

Total

 

$

7,030

 

 

$

4,924

 

 

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

 

 

 

Useful life
(years)

 

March 31,
2023

 

 

December 31,
2022

 

Furniture, fixtures and office equipment

 

3 - 7

 

$

2,141

 

 

$

2,140

 

Laboratory equipment

 

5

 

 

2,315

 

 

 

2,265

 

Leasehold improvements

 

2 - 3

 

 

3,687

 

 

 

3,687

 

 

 

 

 

8,143

 

 

 

8,092

 

Less accumulated depreciation and amortization

 

 

 

 

(5,658

)

 

 

(5,364

)

Total

 

 

 

$

2,485

 

 

$

2,728

 

 

Accounts payable and accrued expenses consist of the following (in thousands):

 

 

 

March 31,
2023

 

 

December 31,
2022

 

Accounts payable

 

$

8,054

 

 

$

4,231

 

Accrued compensation

 

 

1,290

 

 

 

3,451

 

Accrued research and development

 

 

14,660

 

 

 

12,649

 

Other accrued expenses

 

 

707

 

 

 

1,279

 

Total

 

$

24,711

 

 

$

21,610