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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Summary of Reconciliation of Cash, Cash Equivalents and Restricted Cash Reported within Balance Sheet A reconciliation of the cash, cash equivalents, and restricted cash reported within the balance sheet that sum to the total of the same amounts shown in the statement of cash flows is as follows:

 

 

Year Ended
December 31,

 

 

 

2022

 

 

2021

 

Cash and cash equivalents

 

$

32,550

 

 

$

45,747

 

Restricted Cash

 

 

1,392

 

 

 

329

 

Total

 

$

33,942

 

 

$

46,076

 

Property Plant And Equipment Depreciation expense is recognized using the straight-line method over the estimated useful life of each asset as follows:

 

 

 

Estimated Useful Life

Laboratory equipment

 

5 years

Computer software and equipment

 

3 years

Office furniture and fixtures

 

7 years

Leasehold improvements

 

Shorter of useful life or remaining term of related lease

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

 

 

 

December 31,

 

 

 

2022

 

 

2021

 

Property and equipment:

 

 

 

 

 

 

Laboratory equipment

 

$

5,022

 

 

$

5,293

 

Computer software and equipment

 

 

675

 

 

 

675

 

Office furniture and fixtures

 

 

323

 

 

 

301

 

Leasehold improvements

 

 

397

 

 

 

2,113

 

 

 

$

6,417

 

 

$

8,382

 

Accumulated depreciation

 

 

(4,174

)

 

 

(3,879

)

Property and equipment, net

 

$

2,243

 

 

$

4,503

 

Summary of Basic and Diluted Net Loss per Share Attributable to Common Stockholders

Basic and diluted net loss per share was calculated as follows (in thousands, except share and per share data):

 

 

 

Year Ended
December 31,

 

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

Net loss

 

$

(55,278

)

 

$

(43,513

)

Net loss attributable to common stockholders

 

$

(55,278

)

 

$

(43,513

)

Denominator:

 

 

 

 

 

 

Weighted-average common shares—basic and diluted

 

 

30,235,689

 

 

 

12,986,101

 

Net loss per share attributable to common stockholders—basic and diluted

 

$

(1.83

)

 

$

(3.35

)

Summary of Potentially Dilutive Securities Excluded from Calculation of Diluted Net Loss per Share

The following table sets forth the potentially dilutive securities that have been excluded from the calculation of diluted net loss per share because to include them would be anti-dilutive:

 

 

 

Year Ended
December 31,

 

 

 

2022

 

 

2021

 

Stock options

 

 

4,311,333

 

 

 

1,662,861

 

Restricted stock units

 

 

28,212

 

 

 

 

Total

 

 

4,339,545

 

 

 

1,662,861