Property and Equipment, net

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment, net

Property and Equipment

As of June 30, 2024 and December 31, 2023, the Company’s property and equipment consisted of the following (table in thousands):

	June 30, 2024		December 31, 2023
Leasehold Improvements	$	1,542	$	1,423
Machinery and Equipment	11,438		11,131
Information Technology & Office Equipment	1,845		1,845
Laboratory Equipment	807		807
Total Property and Equipment	15,632		15,206
Accumulated Depreciation and Amortization	(9,623)		(8,804)
Property and Equipment, net	$	6,009	$	6,402

Depreciation and amortization expense for the three months ended June 30, 2024 and 2023 was $0.4 million and $0.2 million, respectively. Depreciation and amortization expense for the six months ended June 30, 2024 and 2023 was $0.8 million and $0.3 million.