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Property and Equipment, Net
9 Months Ended 12 Months Ended
Sep. 30, 2024
Dec. 31, 2023
Property, Plant and Equipment [Abstract]    
Property and Equipment, Net

5. Property and Equipment, Net

 

Property and equipment, net consisted of the following:

 

   September 30,
2024
   December 31,
2023
 
Leasehold improvements  $73,211   $73,211 
Laboratory and production equipment   14,093    14,093 
Machinery, equipment and fixtures   7,781    7,781 
Construction in progress   70    21 
Property and equipment   95,155    95,106 
Less: Accumulated depreciation and amortization   (31,947)   (27,278)
Property and equipment, net  $63,208   $67,828 

 

Depreciation and amortization expense was $1,519 and $1,790 for the three months ended September 30, 2024 and 2023, respectively. Depreciation and amortization expense was $4,669 and $5,388 for the nine months ended September 30, 2024 and 2023, respectively.

 

6. Property and Equipment, Net

 

Property and equipment, net consisted of the following:

 

   2023   2022 
   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 

 

Depreciation expense was $7,131 and $7,243 for the years ended December 31, 2023 and 2022 respectively.