Property and Equipment, Net

9 Months Ended

Sep. 30, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

4. Property and Equipment, Net

The cost and accumulated depreciation of property and equipment were as follows (in thousands):

	September 30, 2024			December 31, 2023
Lab equipment	$	4,989		$	4,821
Computer and office equipment		1,557			1,446
Construction in process	45				69
Total property and equipment		6,591			6,336
Less: accumulated depreciation		(2,690	)		(1,572	)
Total property and equipment, net	$	3,901		$	4,764

Depreciation expense was $0.4 million and $0.3 million for the three months ended September 30, 2024 and September 30, 2023, respectively. Depreciation expense was $1.1 million and $0.8 million for the nine months ended September 30, 2024 and September 30, 2023, respectively.