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Property and Equipment, Net
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net
6.
Property and Equipment, net

Property and equipment consist of the following (in thousands):

 

 

 

Estimated Useful

 

December 31,

 

 

Life (In years)

 

2023

 

 

2022

 

Manufacturing equipment

 

5-13

 

$

15,752

 

 

$

15,139

 

Lab equipment

 

5-13

 

 

2,827

 

 

 

2,360

 

Computer equipment

 

3

 

 

5,060

 

 

 

4,720

 

Furniture and fixtures

 

3-13

 

 

2,467

 

 

 

2,464

 

Leasehold improvements

 

2-12

 

 

37,201

 

 

 

28,822

 

Assets in progress

 

 

 

 

5,822

 

 

 

11,613

 

 

 

 

 

 

69,129

 

 

 

65,118

 

Less accumulated depreciation and amortization

 

 

 

 

(31,832

)

 

 

(27,522

)

Total

 

 

 

$

37,297

 

 

$

37,596

 

 

Depreciation and amortization expense on property and equipment was $4.3 million, $3.8 million and $4.3 million for the years ended December 31, 2023, 2022 and 2021, respectively.