Company: ERAS
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0000950170-25-042682
Chunk: 118

Company: Erasca, Inc.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 16
Chunk 118
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        $
        (148
        )

        US government agency securities

        6,950

        (4
        )

        —

        —

        6,950

        (4
        )

        Corporate debt securities

        748

        —

        —

        —

        748

        —

        Commercial paper

        22,944

        (10
        )

        —

        —

        22,944

        (10
        )

        Total
         
        $
        105,554

        $
        (162
        )
         
        $
        —

        $
        —

        $
        105,554

        $
        (162
        )
       
       As of December 31, 2024, there were 22 available-for-sale securities with an estimated fair value of $135.0 million in gross unrealized loss positions, none of which were in an unrealized loss position for more than 12 months. As of December 31, 2023, there were 22 available-for-sale securities with an estimated fair value of $105.6 million in gross unrealized loss positions, none of which were in an unrealized loss position for more than 12 months.   As of December 31, 2024 and 2023, unrealized losses on available-for-sale securities are not attributed to credit risk. The Company believes that an allowance for credit losses is unnecessary because the unrealized losses on certain of the Company’s available-for-sale securities are due to market factors and changes in interest rates. Additionally, the Company does not intend to sell the securities nor is it more likely than not that the Company will be required to sell the securities before recovery of their amortized cost basis. Accrued interest on the Company’s available-for-sale securities was $2.3 million and $1.1 million as of December 31, 2024 and 2023, respectively, and is included in prepaid expenses and other current assets on the consolidated balance sheets.

Note 5. Property and equipment, net  Property and equipment, net consisted of the following (in thousands): 

        December 31,

        December 31,

        2024

        2023

        Laboratory equipment
         
        $
        4,741

        $
        5,620

        Furniture and fixtures

        3,712

        4,099

        Leasehold improvements

        16,313