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Fixed Assets, Net
 9 Months Ended
Sep. 30, 2024
Property, Plant and Equipment [Abstract]  
Fixed Assets, Net

4. Fixed Assets, Net

Fixed assets, net consisted of the following (in thousands):

 

 

 

SEPTEMBER 30,
2024

 

 

DECEMBER 31,
2023

 

Laboratory equipment

 

$

1,219

 

 

$

1,209

 

Manufacturing equipment

 

 

736

 

 

 

730

 

Furniture and fixtures

 

 

159

 

 

 

159

 

Networking and computer equipment

 

 

88

 

 

 

88

 

Leasehold improvements

 

 

3,109

 

 

 

3,109

 

Total fixed assets

 

$

5,311

 

 

$

5,295

 

Less: accumulated depreciation

 

 

(2,834

)

 

 

(2,089

)

Fixed assets, net

 

$

2,477

 

 

$

3,206

 

 

Depreciation expense was $0.2 million and $0.7 million for each of the three and nine months ended September 30, 2024 and 2023, respectively.