Property and Equipment, Net

3 Months Ended

Mar. 31, 2025

Property, Plant and Equipment [Abstract]

4. Property and Equipment, Net

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


	March 31, 2025			December 31, 2024
Laboratory equipment	$	24,548		$	24,468
Computer equipment		3,924			3,924
Furniture and office equipment		4,524			4,523
Leasehold improvements		30,953			30,954
Construction in progress		870			861
		64,819			64,730
Less: Accumulated depreciation and amortization		(54,272	)		(53,196	)
	$	10,547		$	11,534

Depreciation and amortization expense was $1,076 and $1,559 for the three months ended March 31, 2025 and 2024, respectively. The expense for the three months ended March 31, 2024 includes amounts related to both continuing and discontinued operations. The Company did not dispose of any assets during the three months ended March 31, 2025. During the three months ended March 31, 2024, the Company disposed of certain assets with a cost basis of $594. In addition, during the three months ended March 31, 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 March 31, 2024. See Note 6, Leases, for further details.