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RESTRUCTURING
12 Months Ended
Dec. 31, 2022
Restructuring and Related Activities [Abstract]  
RESTRUCTURING

15. RESTRUCTURING

 

During the quarter ended December 31, 2022, the Company initiated and carried out certain restructuring actions in order to reduce costs and improve efficiency. As a result, the Company recognized $1,002 of costs primarily related to employee termination expenses and losses from fixed assets impairment. The Company recognized $80 in impairment related to the research and development asset as the Company abandoned further development efforts. On the

statement of operations, the associated restructuring costs were presented in operating expenses. On the combined and consolidated statement of cash flows, the amounts were presented in the captions in which such amounts would have been recorded absent the impairment charges. As of December 31, 2022, there was $832 of accrued liability related to employee termination expenses.