Supplemental Balance Sheet Information
|12 Months Ended|
Dec. 31, 2021
|Supplemental Balance Sheet Information [Abstract]|
|Supplemental Balance Sheet Information||
Prepaid and Other Assets
Prepaid and other assets consist of the following (in thousands):
Property and Equipment, net
Property and equipment held for use by category are presented in the following table (in thousands):
Depreciation expense was $4,000 and $8,000 for the years ended December 31, 2021 and 2020, respectively.
The Company entered into an unsecured short-term loan (the “Loan”) agreement in the amount of $0.6 million in November 2021 related to financing an insurance policy. The Loan is payable in six monthly installments of $108,000 beginning in December 2021. The Loan has an annual interest rate of 5.5% per annum. Interest expense in the amount of $2,000 was recognized in connection with the Loan during the year ended December 31, 2021.
The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef