XML 53 R15.htm IDEA: XBRL DOCUMENT v3.24.1
Property and Equipment, Net
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

9. Property and Equipment, Net

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

 

December 31,

 

 

2023

 

 

2022

 

Leasehold improvements

 

$

10,956

 

 

$

530

 

Laboratory equipment

 

 

3,395

 

 

 

2,247

 

Furniture and office equipment

 

 

1,123

 

 

 

1,036

 

Construction in process

 

 

 

 

 

9,177

 

 

 

15,474

 

 

 

12,990

 

Less: accumulated depreciation and amortization

 

 

(3,602

)

 

 

(1,825

)

Total property and equipment, net

 

$

11,872

 

 

$

11,165

 

 

Depreciation and amortization expense for the years ended December 31, 2023 and 2022 was $1.8 million and $0.7 million, respectively, of which $1.5 million and $0.7 million, respectively, was included within research and development expenses and $0.3 million and $15 thousand, respectively, was included in general and administrative expenses in the accompanying statements of operations and comprehensive loss.