Property and equipment

9 Months Ended

Sep. 30, 2024

Property, Plant and Equipment [Abstract]

Property and equipment

Property and equipment

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

	September 30,		December 31,
(In thousands)	2024		2023
Property and equipment
Leasehold improvements	$	5,982	$	5,913
Furniture and computer equipment	769		773
Manufacturing and other equipment	17,084		19,893
Construction in-progress	4,105		3,807
Subtotal	27,940		30,386
Less: Accumulated depreciation	(10,231)		(9,456)
Property and equipment, net	$	17,709	$	20,930

Depreciation expense for property and equipment was $0.6 million and $1.9 million for the three and nine months ended September 30, 2024, respectively, and $1.0 million and $2.9 million during the three and nine months ended September 30, 2023, respectively.