Supplemental Balance Sheet Information
|9 Months Ended|
Sep. 30, 2022
|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 $1,000 during each of the three month periods ended September 30, 2022 and 2021 and $3,000 during each of the nine month periods ended September 30, 2022 and 2021.
Accrued expenses consist of the following (in thousands):
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 was payable in six monthly installments of $108,000 beginning in December 2021. The Loan had an annual interest rate of 5.5% per annum. Interest expense in the amount of $9,000 was recognized in connection with the Loan during the nine months ended September 30, 2022. The final payment on the Loan was made in May 2022.
The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity.
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef