Property and Equipment, Net

9 Months Ended

Sep. 30, 2024

Property and Equipment, Net

Property and Equipment, Net

3. Property and Equipment, Net

Property and equipment, net consists of the following as of September 30, 2024 and December 31, 2023:

	September 30,		December 31,
	2024		2023
Laboratory equipment	$	5,917	$	5,815
Computers and software		183		183
Furniture and fixtures		681		681
Leasehold improvements		5,124		5,124
Total property and equipment		11,905		11,803
Less: accumulated depreciation		(7,060)		(5,861)
Property and equipment, net	$	4,845	$	5,942

The Company recognized depreciation and amortization expense related to property and equipment of $1.2 million and $1.4 million for the nine months ended September 30, 2024 and 2023, respectively.