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Selected Balance Sheet Components
 3 Months Ended
Mar. 31, 2024
Balance Sheet Related Disclosures [Abstract]  
Selected Balance Sheet Components Selected Balance Sheet Components
Inventory

Inventory consisted of the following:
(In thousands)March 31, 2024December 31, 2023
Raw materials$10,858 $11,348 
Work-in-process1,745 1,210 
Finished goods954 529 
Total inventory$13,557 $13,087 
Property and Equipment

Property and Equipment, net consisted of the following:

(In thousands)March 31, 2024December 31, 2023
Machinery and equipment$5,822 $5,562 
Furniture, fixtures and office equipment1,647 1,731 
Computer equipment and software9,976 9,116 
Leasehold improvements14,901 14,901 
Construction in process47,474 32,531 
Total property and equipment, gross79,820 63,841 
Less accumulated depreciation(23,428)(22,206)
Total property and equipment, net$56,392 $41,635 

Depreciation expense for the three months ended March 31, 2024 and 2023 was $1.2 million and $1.0 million, respectively.

Intangible Assets

Intangible assets, net consisted of the following:

March 31, 2024December 31, 2023
(In thousands)Useful Life (in years)Amortization MethodCostAccumulated AmortizationNetCostAccumulated AmortizationNet
NexoBrid license12Straight-line$7,500 $(781)$6,719 $7,500 $(625)$6,875 

Amortization expense for the three months ended March 31, 2024 and 2023 was $0.2 million.

Future amortization expense of intangible assets as of March 31, 2024 is estimated to be as follows:

(In thousands)Amount
Remainder of 2024$469 
2025625 
2026625 
2027625 
2028625 
Thereafter3,750 
Total$6,719 

Accrued Expenses

Accrued Expenses consisted of the following:
(In thousands)March 31, 2024December 31, 2023
Bonus-related compensation$3,932 $9,757 
Employee-related accruals3,394 3,503 
Insurance reimbursement-related liabilities3,385 3,591 
Other accrued expenses315 364 
Total accrued expenses$11,026 $17,215