Selected Balance Sheet Components

6 Months Ended

Jun. 30, 2023

Balance Sheet Related Disclosures [Abstract]

Inventory

Inventory consisted of the following:


(In thousands)	June 30, 2023		December 31, 2022
Raw materials	$	12,847	$	15,101
Work-in-process	863		832
Finished goods	173		53
Total inventory	$	13,883	$	15,986

Property and Equipment

Property and Equipment, net consisted of the following:


(In thousands)	June 30, 2023		December 31, 2022
Machinery and equipment	$	5,544	$	5,041
Furniture, fixtures and office equipment	1,710		1,710
Computer equipment and software	8,308		8,224
Leasehold improvements	14,896		13,689
Construction in process	13,148		5,438
Financing right-of-use lease	18		37
Total property and equipment, gross	43,624		34,139
Less accumulated depreciation	(20,216)		(18,302)
Total property and equipment, net	$	23,408	$	15,837

Depreciation expense for the three and six months ended June 30, 2023 was $1.0 million and $2.0 million, respectively, and $1.1 million and $1.9 million, respectively, for the same periods in 2022.

Intangible Assets

Intangible assets, net consisted of the following:


			June 30, 2023						December 31, 2022
(In thousands)	Useful Life (in years)	Amortization Method	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
NexoBrid license	12	Straight-line	$	7,500	$	(312)	$	7,188	$	7,500	$	—	$	7,500

Amortization expense for the three and six months ended June 30, 2023 was $0.2 million and $0.3 million, respectively.

Future amortization expense of intangible assets as of June 30, 2023 is estimated to be as follows:


(In thousands)	Amount
Remainder of 2023	$	313
2024	625
2025	625
2026	625
2027	625
Thereafter	4,375
Total	$	7,188

Accrued Expenses

Accrued Expenses consisted of the following:


(In thousands)	June 30, 2023		December 31, 2022
Bonus-related compensation	$	5,090	$	7,132
Employee-related accruals	3,436		3,101
Insurance reimbursement-related liabilities	5,160		5,030
Other accrued expenses	285		927
Total accrued expenses	$	13,971	$	16,190