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, net, consisted of the following (in thousands):

		December 31,
	Useful Life	2023			2022
Equipment	5 years	$	12,837		$	8,656
Computers and software	3 years		3,445			2,705
Leasehold improvements	14 years or less		2,244			2,127
Furniture and fixtures	5 years or less		660			1,854
Instruments at customer sites	5 years		2,527			-
Total property and equipment, gross			21,713			15,342
Less: accumulated depreciation			(8,021	)		(4,558	)
Total property and equipment, net		$	13,692		$	10,784

Gross asset balances in the table above reflect $1.9 million of long-lived asset impairment described in Note 2 above. Transfers of assets from inventory to property and equipment are transferred at standard cost and recognized at carrying value.