Balance Sheet Components

6 Months Ended

Jun. 30, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

5. Balance Sheet Components

Inventories

Inventories consist of the following (in thousands):


	June 30, 2021		December 31, 2020
Raw materials	$	9,013	$	11,273
Work-in-process		36,389		26,994
Finished goods		2,589		1,956

Total inventories	$	47,991	$	40,223

We have capitalized $408,000 and $557,000 of share-based compensation expense to our inventories for the three months ended June 30, 2021 and 2020, respectively; and $838,000 and $894,000 for the six months ended June 30, 2021 and 2020, respectively. We also have capitalized $45,000 and $141,000 of depreciation expense to our inventories for the three months ended June 30, 2021 and 2020, respectively; and $89,000 and $237,000 for the six months ended June 30, 2021 and 2020, respectively. See Note 8—Share-based Compensation for details on share-based compensation expenses recognized during the three- and

six-months

ended June 30, 2021.

Property and Equipment

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


	June 30, 2021			December 31, 2020
Laboratory equipment	$	13,649		$	11,922
Computer equipment		3,241			3,023
Leasehold improvements		32,281			32,281
Construction-in-progress		456			517

Total property and equipment		49,627			47,743
Less: accumulated depreciation and amortization		(12,852	)		(9,861	)

Property and equipment, net	$	36,775		$	37,882

Accrued liabilities

Accrued liabilities consist of the following (in thousands):


	June 30, 2021		December 31, 2020
Accrued research and development costs	$	11,976	$	10,677
Accrued manufacturing costs		13,633		9,125
Accrued professional and consulting services		4,771		4,107
Accrued sales deductions		7,635		6,405
Other		889		819

Total accrued liabilities	$	38,904	$	31,133