Property and Equipment, Net

12 Months Ended

Dec. 31, 2024

Property and Equipment, Net

Property and Equipment, Net

3. Property and Equipment, Net

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

	December 31,		December 31,
	2024		2023
Laboratory equipment	$	5,911	$	5,815
Computers and software		183		183
Furniture and fixtures		681		681
Leasehold improvements		5,124		5,124
Total property and equipment		11,899		11,803
Less: accumulated depreciation		(7,427)		(5,861)
Property and equipment, net	$	4,472	$	5,942

The Company incurred depreciation and amortization expense related to property and equipment of $1.6 million and $1.8 million for years ended December 31, 2024 and 2023, respectively.