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Property and Equipment
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consisted of the following (in thousands):
December 31,
20242023
Furniture and fixtures$1,463 $1,384 
Office equipment729 719 
Software1,252 1,252 
Laboratory equipment6,222 5,559 
Leasehold improvements10,363 10,206 
Construction in progress97 — 
Total property and equipment20,126 19,120 
Less accumulated depreciation and amortization(12,349)(11,210)
Property and equipment, net$7,777 $7,910 
Depreciation expense for the years ended December 31, 2024, 2023, and 2022 was $1,246, $1,655, and $1,437, respectively. During the year ended December 31, 2023, the Company recorded an impairment loss of $1,548 and contract termination fees of $440 related to the discontinuation of the Birmingham research facilities expansion, which was recognized in research and development expenses during the year ended December 31, 2023. The Company did not record any impairment losses during the years ended December 31, 2024 and December 31, 2022.