XML 21 R12.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Balance Sheet Components

3 Months Ended

Mar. 31, 2023

NOTE 4. CONDENSED 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):

	March 31,		December 31,
	2023		2022
Prepaid insurance	$	942	$	1,362
Research and development prepaid expenses		925		842
Other receivables		270		118
Payroll tax credit receivable		250		250
Other prepaid expenses and current assets		721		246
Total	$	3,108	$	2,818

Property and equipment, net

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

	March 31,			December 31,
	2023			2022
Leasehold improvements	$	2,477		$	2,477
Lab equipment		1,732			1,706
Office furniture & fixtures		502			502
Computer equipment		145			145
Capitalized software		90			90
Property and equipment, gross		4,946			4,920
Less: accumulated depreciation and amortization		(1,626	)		(1,352	)
Property and equipment, net	$	3,320		$	3,568

Depreciation and amortization expenses were $0.3 million and $0.2 million for the three months ended March 31, 2023 and 2022, respectively.

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):

	March 31,		December 31,
	2023		2022
Research and development accrued expenses	$	2,228	$	2,651
Accrued employee and related compensation expenses		501		1,587
Other		426		194
Total	$	3,155	$	4,432

Other non-current liabilities

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

	March 31,		December 31,
	2023		2022
CIRM grant liability	$	2,264	$	2,264
Restricted stock liability		3		9
Other non-current liabilities		64		80
Total	$	2,331	$	2,353