Prepaid Expenses and Other Assets and Accrued Expenses

3 Months Ended

Mar. 31, 2023

Prepaid Expenses And Other Assets And Accrued Expenses [Abstract]

Prepaid Expenses and Other Assets and Accrued Expenses

Note 3. Prepaid Expenses and Other Assets and Accrued Expenses

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

	March 31, 2023		December 31, 2022
Research and development expenses	$	24,271	$	25,285
Insurance		1,216		2,472
Other		6,932		2,343
Total prepaid expenses and other current assets	$	32,419	$	30,100

The Company also had other non-current assets of $0.5 million as of March 31, 2023 and $0.4 million as of December 31, 2022. As of March 31, 2023, other non-current assets consisted of a security deposit of $0.4 million and $0.1 million in prepaid expenses. As of December 31, 2022, other non-current assets consisted of a security deposit of $0.4 million and less than $0.1 million in prepaid expenses.

Accrued expenses consisted of the following (in thousands):

	March 31, 2023		December 31, 2022
Research and development expenses	$	14,586	$	11,962
Payroll and related expenses		3,776		11,950
Professional fees		2,769		2,943
Other		1,563		2,430
Total accrued expenses	$	22,694	$	29,285