Balance Sheet Components

6 Months Ended

Jun. 30, 2022

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Balance Sheet Components

5. Balance Sheet Components

Property and equipment, net

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

	June 30,			December 31,
	2022			2021
Computer and office equipment	$	20		$	15
Computer software		27			27
Manufacturing machinery and equipment		58			58
Leasehold improvements		7			7
Furniture and fixtures		64			64
Less: accumulated depreciation		(49	)		(31	)
Property and equipment, net	$	127		$	140

Property and equipment, net is included in other assets on the condensed balance sheets. Depreciation expense was $9 thousand and $18 thousand for the three and six months ended June 30, 2022, respectively. Depreciation expense was $5 thousand and $9 thousand for the three and six months ended June 30, 2021, respectively.

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following (in thousands):

	June 30, 2022		December 31, 2021
Accrued research and development expenses	$	6,226	$	3,837
Accrued general and administrative expenses		347		416
Lease liability, current portion		380		360
Total accrued expenses and other current liabilities	$	6,953	$	4,613

Accrued research and development expenses were primarily related to clinical trials and manufacturing of clinical drug supply.