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PROPERTY AND EQUIPMENT, NET
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET
5. PROPERTY AND EQUIPMENT, NET
Property and equipment, net consisted of the following (in thousands):
As of December 31,
20242023
Quantum computer systems$14,471 $13,712 
Lab equipment6,862 6,839 
Computer equipment4,701 3,703 
Leasehold improvements1,889 1,075 
Furniture and fixtures381 381 
Construction-in-progress836 894 
Total property and equipment29,140 26,604 
Less: Accumulated depreciation(25,007)(24,053)
Total property and equipment, net$4,133 $2,551 
Depreciation expense for the years ended December 31, 2024 and 2023 was $1.0 million and $0.9 million, respectively.