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PROPERTY AND EQUIPMENT (Tables)
 3 Months Ended
Mar. 31, 2024
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment and Depreciation Expense
Property and equipment, net is recorded at cost and consisted of the following at March 31, 2024 and December 31, 2023 (in thousands):

March 31,December 31,
20242023
Computer equipment$3,568 $3,464 
Technical equipment4,232 3,135 
Facilities3,688 3,688 
Instruments3,004 3,004 
Capital projects in progress4 109 
Total property and equipment$14,496 $13,400 
Accumulated depreciation(11,299)(11,011)
Net property and equipment$3,197 $2,389 

Depreciation expense for the three months ended March 31, 2024 and 2023 were as follows (in thousands):

Three Months Ended March 31,
20242023
Depreciation expense$331 $355 
Schedule of Instruments at Cost and Related Accumulated Depreciation, Lessor
Instruments at cost and related accumulated depreciation where the Company is the lessor under operating leases consisted of the following at March 31, 2024 and December 31, 2023 (in thousands):

March 31,December 31,
20242023
Instruments at cost under operating leases$2,108 $2,010 
Accumulated depreciation under operating leases(1,271)(1,194)
Net property and equipment under operating leases$837 $816