Supplemental Balance Sheet Information |
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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
Accrued expenses consist of the following (in thousands):
Short-Term Loan
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.
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