Selected Balance Sheet Information

3 Months Ended

Mar. 31, 2022

Selected Balance Sheet Information

Selected Balance Sheet Information

5. Selected Balance Sheet Information

Prepaid expenses and other current assets (in thousands)

	March 31,		December 31,
	2022		2021
Receivable from prior owner	$	1,594	$	—
Prepaid insurances		557		803
Prepaid clinical research organizations		266		458
Prepaid consulting, subscriptions and other expenses		217		272
VAT receivable		127		—
Prepaid manufacturing expenses		102		—
Total	$	2,863	$	1,533

Prepaid clinical research organizations (CROs) expense is classified as a current asset. The Company makes payments to the CROs based on agreed upon terms that include payments in advance of study services. Receivable from prior VCN owner includes amounts due related to research and development tax rebates, VAT and corporate taxes.

5. Selected Balance Sheet Information – (continued)

Property and equipment, net (in thousands)

	March 31,		December 31,
	2022		2021
Computers and office equipment	$	1,348	$	827
Leasehold improvements		94		94
Software		15		11
		1,456		932
Less: accumulated depreciation and amortization		(1,154)		(831)
Total	$	302	$	101

Accrued expenses (in thousands)

	March 31,		December 31,
	2022		2021
Accrued clinical consulting services	$	1,008	$	696
Accrued vendor payments		305		1,028
Accrued manufacturing costs		126		204
Vat payable		91		—
Other accrued expenses		5		—
Total	$	1,535	$	1,928

Accrued employee benefits (in thousands)

	March 31,		December 31,
	2022		2021
Accrued bonus expense	$	225	$	886
Accrued vacation expense		115		92
Accrued compensation expense		83		—
Total	$	423	$	978