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Basis of Presentation and Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2024

Accounting Policies [Abstract]

Schedule of Cash and Cash Equivalents

The following is a summary of cash, cash equivalents and restricted cash on the consolidated balance sheets (in thousands):

			June 30, 2024						December 31, 2023
Cash			$	33,797					$	22,407
Money market funds			144,091						144,892
Restricted cash			30						331
Total cash, cash equivalents and restricted cash as presented on the consolidated statements of cash flows			$	177,918					$	167,630

Schedule of Restrictions on Cash and Cash Equivalents

The following is a summary of cash, cash equivalents and restricted cash on the consolidated balance sheets (in thousands):

			June 30, 2024						December 31, 2023
Cash			$	33,797					$	22,407
Money market funds			144,091						144,892
Restricted cash			30						331
Total cash, cash equivalents and restricted cash as presented on the consolidated statements of cash flows			$	177,918					$	167,630

Schedule of Accounts Receivable, Allowance for Doubtful Debt

The changes in the allowance for credit losses for the six months ended June 30, 2024 were as follows (in thousands):

Allowance for credit losses
Balance at December 31, 2023			$	372
Utilization of allowance for credit losses			(198)
Provision for credit losses			125
Balance at June 30, 2024			$	299

Schedule of Useful Life of Property Plant and Equipment

The Company’s estimated useful lives of its property and equipment are as follows:

			Estimated Useful Lives
Building			20 years
Furniture and fixtures			7 years
Laboratory equipment			5 years
Office and computer equipment			3 years
Leasehold improvements			Shorter of expected lease term or estimated useful life

Schedule of Finite-Lived Intangible Assets

The Company’s estimated useful lives of its intangible assets are as follows:

			Estimated Useful Lives
Patent			20 years
Trademarks			10 years
Tradename			3 - 15 years
FCI developed technology			1 - 6 years
Customer relationship			7 - 9 years
Reagent licenses			7 years
IP license			5 years

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