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Property and Equipment (Tables)
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property Plant And Equipment Depreciation expense is recognized using the straight-line method over the estimated useful life of each asset as follows:

 

 

 

Estimated Useful Life

Laboratory equipment

 

5 years

Computer software and equipment

 

3 years

Office furniture and fixtures

 

7 years

Leasehold improvements

 

Shorter of useful life or remaining term of related lease

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

 

 

 

December 31,

 

 

 

2023

 

 

2022

 

Property and equipment:

 

 

 

 

 

 

Laboratory equipment

 

$

2,736

 

 

$

5,022

 

Computer software and equipment

 

 

105

 

 

 

675

 

Office furniture and fixtures

 

 

662

 

 

 

323

 

Leasehold improvements

 

 

461

 

 

 

397

 

 

$

3,964

 

 

$

6,417

 

Accumulated depreciation

 

 

(1,921

)

 

 

(4,174

)

Property and equipment, net

 

$

2,043

 

 

$

2,243