Balance Sheet Components

3 Months Ended

Mar. 31, 2022

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:

	March 31, 2022		December 31, 2021
	(in thousands)
Cash	$	2,451	$	2,223
Cash equivalents:
Money market accounts		271,564		102,526
Total cash and cash equivalents	$	274,015	$	104,749

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.

	March 31, 2022		March 31, 2021
	(in thousands)
Cash and cash equivalents	$	274,015	$	107,658
Restricted cash included in other assets		300		300
Total cash, cash equivalents and restricted cash shown in    the condensed consolidated statement of cash flows	$	274,315	$	107,958

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following:

	March 31, 2022		December 31, 2021
	(in thousands)
Prepaid research and development project costs	$	1,233	$	290
Prepaid software and subscription fees		1,130		536
Prepaid insurance		556		1,029
Other receivables		270		147
Other		993		642
Total prepaid expenses and other current assets	$	4,182	$	2,644

Property and Equipment, net

Property and equipment, net consists of the following:

	March 31, 2022			December 31, 2021
	(in thousands)
Software	$	456		$	456
Leasehold improvements		35			35
Computer equipment		5			5
Property and equipment, gross		496			496
Less: accumulated depreciation		(367	)		(355	)
Total property and equipment, net	$	129		$	141

Depreciation related to the Company’s property and equipment was $12,000 for the three months ended March 31, 2022 and $10,000 for the three months ended March 31, 2021.

Accrued and Other Liabilities

Accrued and other liabilities consist of the following:

	March 31, 2022		December 31, 2021
	(in thousands)
Accrued research and development costs	$	4,864	$	2,727
Accrued employee related costs		3,383		6,725
Accrued professional fees		2,427		739
Operating lease liabilities		318		368
Other		290		167
Total accrued and other liabilities	$	11,282	$	10,726