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Balance Sheet Components
3 Months Ended
Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet Components Balance Sheet Components
Property and Equipment, Net
Property and equipment, net consisted of the following (in thousands):
March 31,
2022
December 31,
2021
Equipment
$866 $866 
Furniture and fixtures
34 34 
Leasehold improvements
68 68 
Total property and equipment
968 968 
Less: accumulated depreciation
(549)(517)
Property and equipment, net
$419 $451 
Depreciation expense for each of the three months ended March 31, 2022 and 2021 was immaterial.
Prepaid and Other Current Assets
Prepaid and other current assets consisted of the following (in thousands):
March 31,
2022
December 31,
2021
Angion Pty tax credit receivable$21 $781 
Prepaid insurance2,625 275 
Security deposit 131 131 
Other460 498 
Total prepaid and other current assets$3,237 $1,685 
Accrued Expenses
Accrued expenses consisted of the following (in thousands):
March 31,
2022
December 31,
2021
Accrued compensation
$1,250 $2,023 
Accrued restructuring1,899 — 
Accrued direct research costs
1,642 764 
Accrued operating expenses
451 432 
Total accrued expenses
$5,242 $3,219