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Property and Equipment
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consists of the following (in thousands):
 December 31,
 20242023
Laboratory equipment$7,295 $6,280 
Computer equipment and software415 702 
Leasehold improvements3,427 61 
Furniture and fixtures268 452 
Office equipment169 196 
Construction in process695 150 
Total property and equipment12,269 7,841 
Less accumulated depreciation(2,357)(5,728)
Property and equipment, net$9,912 $2,113 
See Note 9 for details regarding the impairment loss the Company recognized for certain furniture and fixtures during the year ended December 31, 2024.
Depreciation expense was $1.2 million and $0.7 million for the years ended December 31, 2024 and 2023, respectively.