Balance Sheet Items

3 Months Ended

Mar. 31, 2023

Balance Sheet Related Disclosures [Abstract]

Balance Sheet Items

4.Balance Sheet Items

Prepaid Expenses and Other Current Assets

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

	March 31, 2023		December 31, 2022
Prepaid research and development expenses	$	2,753	$	3,007
Prepaid insurance		674		1,592
Other prepaid expenses and other assets		782		1,006
Total prepaid expenses and other current assets	$	4,209	$	5,605

Property and Equipment, Net

Property and equipment, net, consisted of the following (in thousands):

	March 31, 2023			December 31, 2022
Leasehold improvements	$	39		$	26
Laboratory equipment		45			—
Property and equipment, gross		84			26
Less: accumulated depreciation		(12	)		(6	)
Property and equipment, net	$	72		$	20

Depreciation expense for each of the three months ended March 31, 2023 and 2022 was immaterial.

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following (in thousands):

	March 31, 2023		December 31, 2022
Accrued research and development expenses	$	11,283	$	7,554
Accrued payroll related expenses		2,814		6,129
Accrued professional service expenses		3,162		2,088
Other		515		179
Total accrued expenses and other current liabilities	$	17,774	$	15,950