Consolidated Balance Sheet Components

12 Months Ended

Dec. 31, 2021

Condensed Financial Information Disclosure [Abstract]

CONSOLIDATED BALANCE SHEET COMPONENTS

NOTE 5. CONSOLIDATED BALANCE SHEET COMPONENTS

Prepaid expenses and other current assets

The following table summarizes the details of prepaid expenses and other current assets as of the dates set forth below (in thousands): 

	December 31,
	2021		2020
Prepaid insurance	$	2,074	$	—
Payroll tax credit receivable		548		—
Research and development prepaid expenses		139		177
Other receivables		150		—
Other prepaid expenses		171		43
Rent deposit		27		27
Other current assets		21		—
Total	$	3,130	$	247

Property and equipment, net

The following table summarizes the details of property and equipment, net as of the dates set forth below (in thousands): 

	December 31,
	2021			2020
Leasehold improvements	$	2,056		$	256
Lab equipment		1,569			437
Office furniture & fixtures		208			—
Computer equipment		140			—
Capitalized software		90			—
		4,063			693
Less: accumulated depreciation and amortization		(377	)		—
Property and equipment, net	$	3,686		$	693

Depreciation and amortization expense for the year ended December 31, 2021 was $0.4 million. No depreciation or amortization expense was recognized during the year ended December 31, 2020.

Accrued expenses and other current liabilities

The following table summarizes the details of accrued expenses and other current liabilities as of the dates set forth below (in thousands):

	December 31,
	2021		2020
Research and development accrued expenses	$	1,660	$	1,263
Accrued employee and related compensation expenses		1,151		783
License option liability, current		200		400
Other		585		149
Total	$	3,596	$	2,595

Other non-current liabilities

The following table summarizes the details of other non-current liabilities as of the dates set forth below (in thousands):

	December 31,
	2021		2020
CIRM grant liability	$	600	$	600
Accrued tax liability		24		-
Restricted stock liability		19		53
License option liability, non-current		—		200
Total	$	643	$	853