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Property and Equipment, Net
6 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net consist of the following (in thousands):
June 30,
2024
December 31,
2023
Lab equipment$3,220 $3,144 
Manufacturing equipment6,261 6,142 
Office Equipment19 19 
Leasehold improvements15,376 15,376 
Software268 268 
Construction in progress513 234 
Total property and equipment, cost25,657 25,183 
Less accumulated depreciation(9,593)(8,009)
Property and equipment, net$16,064 $17,174 
Depreciation and amortization expense for each of the three months ended June 30, 2024 and 2023 was approximately $0.8 million and $0.8 million, respectively, and was approximately $1.6 million and $1.6 million for the six months ended June 30, 2024 and 2023, respectively.
Management has reviewed its property and equipment for impairment whenever events and circumstances indicate that the carrying value of an asset might not be recoverable. During the six months ended June 30, 2024, the Company recorded impairment losses on idle equipment of $0.1 million, which was charged to research and development expenses in the condensed consolidated statement of operations. Fair value for the idle assets was determined by a quoted purchase price for the assets