Selected Balance Sheet Components

6 Months Ended

Jun. 30, 2024

Balance Sheet Related Disclosures [Abstract]

Selected Balance Sheet Components

Selected Balance Sheet Components

Inventory

Inventory consisted of the following:

(In thousands)	June 30, 2024		December 31, 2023
Raw materials	$	11,493	$	11,348
Work-in-process	1,787		1,210
Finished goods	1,607		529
Total inventory	$	14,887	$	13,087

Property and Equipment

Property and Equipment, net consisted of the following:

(In thousands)	June 30, 2024		December 31, 2023
Machinery and equipment	$	5,901	$	5,562
Furniture, fixtures and office equipment	1,647		1,731
Computer equipment and software	10,122		9,116
Leasehold improvements	14,901		14,901
Construction in process	65,110		32,531
Total property and equipment, gross	97,681		63,841
Less accumulated depreciation	(24,595)		(22,206)
Total property and equipment, net	$	73,086	$	41,635

Depreciation expense for the three and six months ended June 30, 2024 was $1.2 million and $2.4 million, respectively, and $1.0 million and $2.0 million, respectively, for the same periods in 2023.

Intangible Assets

Intangible assets, net consisted of the following:

			June 30, 2024						December 31, 2023
(In thousands)	Useful Life (in years)	Amortization Method	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
NexoBrid license	12	Straight-line	$	7,500	$	(937)	$	6,563	$	7,500	$	(625)	$	6,875

Amortization expense for the three and six months ended June 30, 2024 was $0.2 million and $0.3 million, respectively, and $0.2 million and $0.3 million, respectively, for the same periods in 2023.

Future amortization expense of intangible assets as of June 30, 2024 is estimated to be as follows:

(In thousands)	Amount
Remainder of 2024	$	313
2025	625
2026	625
2027	625
2028	625
Thereafter	3,750
Total	$	6,563

Accrued Expenses

Accrued Expenses consisted of the following:

(In thousands)	June 30, 2024		December 31, 2023
Bonus-related compensation	$	5,649	$	9,757
Employee-related accruals	4,258		3,503
Insurance reimbursement-related liabilities	2,753		3,591
Other accrued expenses	196		364
Total accrued expenses	$	12,856	$	17,215