XML 50 R17.htm IDEA: XBRL DOCUMENT v3.25.1
Property and Equipment, Net
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment consist of the following (in thousands):
December 31,
20242023
Lab equipment$3,259 $3,144 
Manufacturing equipment6,326 6,142 
Office equipment19 19 
Leasehold improvements15,396 15,376 
Software285 268 
Construction in progress1,308 234 
Total property and equipment, cost26,593 25,183 
Less accumulated depreciation(11,171)(8,009)
Property and equipment, net$15,422 $17,174 
Depreciation and amortization expense for the years ended December 31, 2024 and December 31, 2023 was approximately $3.2 million and $3.3 million, 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 year ended December 31, 2024, the Company recorded impairment losses on idle equipment of $0.1 million, which was charged to research and development expenses in the consolidated statement of operations. Fair value for the idle assets was determined by a quoted purchase price for the assets. For the year ended December 31, 2023, the Company did not recognize any impairments for its long-lived assets.