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

6. Property and Equipment, Net

Property and equipment consist of the following (in thousands):

 

 

 

December 31,

 

 

 

2023

 

 

2022

 

Lab equipment

 

$

11,502

 

 

$

9,638

 

Leasehold improvements

 

 

27,153

 

 

 

2,399

 

Lab equipment under finance leases

 

 

714

 

 

 

714

 

Computer equipment

 

 

661

 

 

 

64

 

Furniture and fixtures

 

 

159

 

 

 

177

 

Construction in progress

 

 

7,792

 

 

 

1,700

 

Property and equipment, gross

 

 

47,981

 

 

 

14,692

 

Less: accumulated depreciation and amortization

 

 

(5,253

)

 

 

(3,461

)

Property and equipment, net

 

$

42,728

 

 

$

11,231

 

 

Depreciation and amortization expense was $2.0 million and $1.3 million for the years ended December 31, 2023 and 2022, respectively.