Balance Sheet Components

9 Months Ended

Sep. 30, 2021

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Balance Sheet Components

5. Balance Sheet Components

Cash and Cash Equivalents

Cash and cash equivalents consist of the following:

	September 30, 2021		December 31, 2020
	(in thousands)
Cash	$	2,479	$	2,136
Cash equivalents:
Money market accounts		94,589		101,919
Total cash and cash equivalents	$	97,068	$	104,055

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the condensed consolidated balance sheets to the amounts shown in the condensed consolidated statements of cash flows.

	September 30, 2021		September 30, 2020
	(in thousands)
Cash and cash equivalents	$	97,068	$	109,014
Restricted cash included in other assets		300		300
Total cash, cash equivalents and restricted cash shown in    the condensed consolidated statement of cash flows	$	97,368	$	109,314

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following:

	September 30, 2021		December 31, 2020
	(in thousands)
Prepaid research and development project costs	$	2,341	$	321
Prepaid insurance		1,517		991
Prepaid software and subscription fees		695		376
Other receivables		360		311
Other		734		416
Total prepaid expenses and other current assets	$	5,647	$	2,415

Property and Equipment, net

Property and equipment, net consists of the following:

	September 30, 2021			December 31, 2020
	(in thousands)
Software	$	389		$	361
Leasehold improvements		35			—
Computer equipment		5			—
Property and equipment, gross		429			361
Less: accumulated depreciation		(341	)		(309	)
Total property and equipment, net	$	88		$	52

Depreciation related to the Company’s property and equipment was $11,000 and $32,000 for the three and nine months ended September 30, 2021, respectively and $34,000 and $0.1 million for the three and nine months ended September 30, 2020, respectively.

Accrued and Other Liabilities

Accrued and other liabilities consist of the following:

	September 30, 2021		December 31, 2020
	(in thousands)
Accrued employee related costs	$	3,804	$	4,359
Accrued research and development costs		2,213		1,715
Accrued professional fees		1,252		774
Operating lease liabilities		408		207
Other		104		93
Total accrued and other liabilities	$	7,781	$	7,148