Balance Sheet Details

6 Months Ended

Jun. 30, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Balance Sheet Details

5. BALANCE SHEET DETAILS

Prepaid expenses and other current assets consisted of the following (in thousands):

	June 30, 2022		December 31, 2021
Prepaid research and development costs	$	3,755	$	7,184
Australian tax incentive receivable		577		977
Prepaid insurance		287		888
Interest receivable		1,155		499
Due from Radionetics (Note 8)		379		553
Other		1,626		912
Total	$	7,779	$	11,013

Property and equipment, net consisted of the following (in thousands):

	June 30, 2022		December 31, 2021
Leasehold improvements	$	3,516	$	3,516
Lab equipment		2,671		1,889
Office equipment		859		859
Computers and software		41		41
Property and equipment at cost		7,087		6,305
Less accumulated depreciation and amortization		3,935		3,480
Total	$	3,152	$	2,825

Accounts payable and accrued expenses consisted of the following (in thousands):

	June 30, 2022		December 31, 2021
Accounts payable	$	9,039	$	3,422
Other accrued expenses		1,773		860
Accrued research and development costs		6,320		4,186
Total	$	17,132	$	8,468