Company: ERAS
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0000950170-25-042682
Chunk: 119

Company: Erasca, Inc.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 16
Chunk 119
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18,173

        Computer equipment and software

        1,564

        1,667

              Property and equipment

        26,330

        29,559

        Less accumulated depreciation and amortization

        (10,009
        )

        (7,232
        )

              Property and equipment, net
         
        $
        16,321

        $
        22,327

       Depreciation and amortization expense related to property and equipment was $3.8 million and $3.7 million for the years ended December 31, 2024 and 2023, respectively.

 F-17

Note 6. Accrued expenses and other current liabilities  Accrued expenses and other current liabilities consisted of the following (in thousands): 

        December 31,

        December 31,

        2024

        2023

        Accrued research and development expenses
         
        $
        14,872

        $
        8,803

        Accrued compensation

        10,651

        10,311

        Unvested early exercised stock option liability

        —

        464

        Accrued professional services

        451

        435

        Accrued property and equipment

        —

        13

        Other accruals and current liabilities

        334

        160

              Total
         
        $
        26,308

        $
        20,186

Note 7. Asset acquisitions  The following purchased assets were accounted for as asset acquisitions as substantially all of the fair value of the assets acquired were concentrated in a group of similar assets, and the acquired assets did not have outputs or employees. Because the assets had not yet received regulatory approval, the fair value attributable to these assets was recorded as in-process research and development expenses in the Company’s consolidated statements of operations and comprehensive loss.Asana BioSciences, LLC In November 2020, the Company entered into the Asana Merger Agreement, pursuant to which ASN became its wholly-owned subsidiary. Asana and ASN had previously entered into a license agreement, which was amended and restated prior to the closing of the merger transaction (the Asana License Agreement, and collectively with the Asana Merger Agreement, the Asana Agreements), pursuant to which ASN acquired an exclusive, worldwide license to certain intellectual property rights relating