Property and Equipment, Net (Tables)

9 Months Ended

Sep. 30, 2024

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

The cost of property and equipment costs are depreciated on the straight-line method over the following estimated useful lives:

Type	Estimated useful life
Lab equipment	5 years
Manufacturing equipment	10 years
Leasehold improvements	Lesser of the remaining economic life of the asset or the lease-term
Furniture and fixtures	5 years
Software	3 years

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

	December 31,
	2023		2022
Lab equipment	$	3,144	$	3,088
Manufacturing equipment	6,142		5,955
Leasehold improvements	15,376		15,298
Office equipment	19		—
Software	268		289
Construction in progress	234		252
Total property and equipment, cost	25,183		24,882
Less accumulated depreciation and amortization	(8,009)		(4,767)
Property and equipment, net	$	17,174	$	20,115

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

	September 30, 2024		December 31, 2023
Lab equipment	$	3,244	$	3,144
Manufacturing equipment	6,326		6,142
Office Equipment	19		19
Leasehold improvements	15,396		15,376
Software	268		268
Construction in progress	1,202		234
Total property and equipment, cost	26,455		25,183
Less accumulated depreciation	(10,387)		(8,009)
Property and equipment, net	$	16,068	$	17,174