Other Financial Statement Information

9 Months Ended

Sep. 30, 2024

Balance Sheet Related Disclosures [Abstract]

Other Financial Statement Information

4.OTHER FINANCIAL STATEMENT INFORMATION

Inventory

Inventory consists of the following (in thousands):

	September 30, 2024		December 31, 2023
Raw materials	$	3,049	$	2,118
Work-in-progress		89		163
Finished goods		3,797		2,210
Total inventory	$	6,935	$	4,491

Property and Equipment, Net

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

	September 30, 2024			December 31, 2023
Laboratory equipment	$	29,622		$	28,563
Computer equipment and software		1,349			868
Furniture and fixtures		687			672
Leasehold improvements		3,577			3,520
Construction-in-progress		2,193			1,109
Property and equipment		37,428			34,732
Less: accumulated depreciation and amortization		(16,751	)		(12,539	)
Total property and equipment, net	$	20,677		$	22,193

For the three and nine months ended September 30, 2024, the Company recognized depreciation and amortization expense of $1.6 million and $4.6 million, respectively. For the three and nine months ended September 30, 2023, the Company recognized depreciation and amortization expense of $1.4 million and $4.0 million, respectively.

Accrued Expenses

Accrued expenses consist of the following (in thousands):

	September 30, 2024		December 31, 2023
Accrued compensation	$	5,919	$	6,123
Accrued professional services		2,192		242
Accrued taxes		454		501
Other		2,334		2,346
Total accrued expenses	$	10,899	$	9,212