Basis of Presentation and Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

Summary of Cash and Cash Equivalents

The following is a summary of cash and cash equivalents on the consolidated balance sheets (in thousands):

	June 30, 2022		December 31, 2021
Cash	$	10,673	$	18,939
Money market funds		327,272		345,679
Commercial paper		11,949		-
Total cash and cash equivalents as presented on the    consolidated statements of cash flows	$	349,894	$	364,618

Summary of Accounts Receivable, Allowance for Doubtful Debt

The following is a summary of the accounts receivables allowance for doubtful accounts for the six months ended June 30, 2022 and the year ended December 31, 2021 (in thousands):

Allowance for doubtful accounts
Balance at December 31, 2020	$	175
Addition during the period		-
Utilization of allowance for doubtful accounts		(172	)
Balance at December 31, 2021	$	3
Addition during the period		—
Utilization of allowance for doubtful accounts		(3	)
Balance at June 30, 2022	$	-

Summary of Useful Life of Property Plant and Equipment

The Company’s estimated useful lives of its property and equipment are as follows:

	Estimated Useful Lives
Furniture and fixtures	7 years
Laboratory equipment	5 years
Office and computer equipment	3 years
Leasehold improvements	Shorter of expected lease term or estimated useful life

Schedule of Finite-Lived Intangible Assets

The Company’s estimated useful lives of its intangible assets are as follows:

	Estimated Useful Lives
Patent	20 years
Trademarks	10 years
Tradename	4 years
Customer relationship	7 years
Reagent licenses	7 years
IP license	5 years