Quarterly report pursuant to Section 13 or 15(d)

Balance Sheet Components

v3.10.0.1
Balance Sheet Components
6 Months Ended
Jun. 30, 2018
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Balance Sheet Components

4. Balance Sheet Components

Property and Equipment, Net

Property and equipment consists of the following (in thousands):

 

 

 

 

June 30,

2018

 

 

December 31,

2017

 

Leasehold improvements

 

$

3,255

 

 

$

155

 

Furniture, laboratory and office equipment

 

 

1,978

 

 

 

1,242

 

Computer equipment

 

 

120

 

 

 

34

 

Construction in progress

 

 

 

 

 

464

 

Total property and equipment

 

 

5,353

 

 

 

1,895

 

Less accumulated depreciation and amortization

 

 

(548

)

 

 

(355

)

Property and equipment, net

 

$

4,805

 

 

$

1,540

 

 

 

Under the terms of its lease for office and laboratory space at 4000 Shoreline Court, South San Francisco, the Company received an incentive from the landlord for $3.2 million to construct leasehold improvements, which have been recorded in fixed assets and as deferred rent in other liabilities that will be amortized over the remaining lease term. During the three and six months ended June 30, 2018, the Company disposed of leasehold improvements, laboratory equipment and office equipment resulting in a loss of $0 and $97,000, respectively. There was no such loss during the three and six months ended June 30, 2017.

Accrued Liabilities

Accrued liabilities consisted of the following (in thousands):

 

 

 

 

June 30,

2018

 

 

December 31,

2017

 

Accrued preclinical and research costs

 

$

546

 

 

$

108

 

Accrued clinical costs

 

 

64

 

 

 

340

 

Accrued employee-related costs

 

 

688

 

 

 

422

 

Accrued professional services

 

 

635

 

 

 

 

Other

 

 

74

 

 

 

41

 

Accrued liabilities

 

$

2,007

 

 

$

911