Property and Equipment, Net

6 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

6. Property and Equipment, Net

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

	June 30, 2024			December 31, 2023
Laboratory equipment	$	29,003		$	29,081
Computer equipment		4,142			4,142
Furniture and office equipment		5,187			5,430
Leasehold improvements		32,039			33,549
Construction in progress		1,239			1,393
		71,610			73,595
Less: Accumulated depreciation and amortization		(53,816	)		(51,138	)
	$	17,794		$	22,457

Depreciation and amortization expense was $1,420, $2,979, $1,527 and $2,927 for the three and six months ended June 30, 2024 and 2023, respectively. During the six months ended June 30, 2024 and 2023, the Company disposed of certain assets with a cost basis of $594 and $9, respectively. In addition, during the six months ended June 30, 2024, the Company recorded an impairment loss of $1,536 related to leasehold improvements at one of the Company’s locations for which impairment indicators were determined to exist as of June 30, 2024. See Note 8, Leases, for further details.