XML 48 R34.htm IDEA: XBRL DOCUMENT v3.24.2
Property and Equipment, Net (Tables)
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Schedule of Estimated Useful Life of Assets Based on Depreciation and Amortization Expense Depreciation and amortization expense is recognized using the straight-line method over the estimated useful life of each asset, as follows:

 

 

Estimated Useful Life

Building

26 years

Furniture and fixtures

5 - 7 years

Lab equipment

5 years

Computer equipment

3 years

Software

3 years

Leasehold improvements

shorter of the estimated useful life or the lease term

Property and equipment, net consisted of the following:

 

 

December 31,

 

 

2023

 

 

2022

 

Leasehold improvements

 

$

73,211

 

 

$

70,113

 

Laboratory and production equipment

 

 

14,093

 

 

 

14,433

 

Machinery, equipment and fixtures

 

 

7,781

 

 

 

7,780

 

Construction in progress

 

 

21

 

 

 

3,660

 

Property and equipment

 

 

95,106

 

 

 

95,986

 

Less: Accumulated depreciation and amortization

 

 

(27,278

)

 

 

(20,331

)

Property and equipment, net

 

$

67,828

 

 

$

75,655