Balance Sheet Details |
2. Balance Sheet Details Prepaid expenses and other current assets consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
September 30, 2024 |
|
|
December 31, 2023 |
|
Prepaid research and development |
|
$ |
3,235 |
|
|
$ |
4,615 |
|
Prepaid insurance |
|
|
356 |
|
|
|
— |
|
Other prepaid expenses and current assets |
|
|
460 |
|
|
|
320 |
|
Total |
|
$ |
4,051 |
|
|
$ |
4,935 |
|
Property and equipment consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
Useful life (years) |
|
September 30, 2024 |
|
|
December 31, 2023 |
|
Furniture, fixtures and office equipment |
|
3 - 7 |
|
$ |
1,721 |
|
|
$ |
1,721 |
|
Laboratory equipment |
|
5 |
|
|
2,280 |
|
|
|
2,280 |
|
Leasehold improvements |
|
2 - 3 |
|
|
3,680 |
|
|
|
3,680 |
|
|
|
|
|
|
7,681 |
|
|
|
7,681 |
|
Less accumulated depreciation and amortization |
|
|
|
|
(6,775 |
) |
|
|
(6,078 |
) |
Total |
|
|
|
$ |
906 |
|
|
$ |
1,603 |
|
Accounts payable and accrued expenses consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
September 30, 2024 |
|
|
December 31, 2023 |
|
Accounts payable |
|
$ |
2,928 |
|
|
$ |
3,819 |
|
Accrued compensation |
|
|
3,056 |
|
|
|
3,790 |
|
Accrued research and development (includes related party amounts of $1,775 and $0, respectively) |
|
|
11,441 |
|
|
|
18,246 |
|
Other accrued expenses |
|
|
786 |
|
|
|
865 |
|
Total |
|
$ |
18,211 |
|
|
$ |
26,720 |
|
|