Property and Equipment, net (Tables)

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment, Net

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

	December 31,
	2024		2023
Computer software	$	508	$	903
Lab equipment(1)	11,157		11,392
Office furniture	267		267
Leasehold improvements	340		340
Construction in progress	—		13
	12,272		12,915
Less: accumulated depreciation and amortization(2)	(7,887)		(6,151)
	$	4,385	$	6,764

(1) Lab equipment includes failed sale lease-back assets of $3.4 million as of December 31, 2024 and 2023. Lab equipment includes finance lease ROU assets of $3.2 million and $2.9 million, respectively, as of December 31, 2024 and 2023.

(2) The accumulated amortization balance includes $1.5 million and $0.9 million, respectively, related to failed sale-leaseback assets as of December 31, 2024 and 2023. The accumulated amortization balance includes $2.3 million and $1.7 million, respectively, related to finance lease ROU assets as of December 31, 2024 and 2023.