Balance Sheet Components

3 Months Ended

Mar. 31, 2022

Balance Sheet Related Disclosures [Abstract]

(4) BALANCE SHEET COMPONENTS

Property and Equipment, Net

The following table presents the components of property and equipment, net as of March 31, 2022 and December 31, 2021 (in thousands):


	March 31,			December 31,
	2022			2021
Laboratory equipment	$	789		$	324
Computer hardware and software		275			241
Leasehold improvements		229			229
Furniture and fixtures		166			166
Property and equipment, gross		1,459			960
Less: accumulated depreciation and amortization		(121	)		(63	)
Property and equipment, net	$	1,338		$	897

Depreciation and amortization expense was nominal for the three months ended March 31, 2022 and 2021.

Other Assets

The following table presents the components of other assets as of March 31, 2022 and December 31, 2021 (in thousands):


	March 31,		December 31,
	2022		2021
Long-term prepaid clinical expenses	$	7,011	$	6,694
Long-term prepaid contract manufacturing costs		2,854		2,854
Operating lease right-of-use assets		4,995		1,829
Finance lease right-of-use assets		634		746
Deposits		144		144
Restricted cash		66		—
Total other assets	$	15,704	$	12,267

Accrued Expenses and Other Current Liabilities

The following table presents the components of accrued expenses and other current liabilities as of March 31, 2022 and December 31, 2021 (in thousands):


	March 31,		December 31,
	2022		2021
Accrued clinical and nonclinical study costs	$	4,026	$	4,125
Accrued compensation and related expenses		2,372		3,294
Accrued professional fees		455		790
Accrued contract manufacturing		460		693
Finance lease liabilities, current		429		429
Operating lease liabilities, current		596		313
Other		391		257
Total accrued expenses and other current liabilities	$	8,729	$	9,901