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Other Financial Statement Information
 12 Months Ended
Dec. 31, 2024
Balance Sheet Related Disclosures [Abstract]  
Other Financial Statement Information
4.
OTHER FINANCIAL STATEMENT INFORMATION

Inventory

Inventory consists of the following (in thousands):

 

 

 

December 31,

 

 

 

2024

 

 

2023

 

Raw materials

 

$

3,164

 

 

$

2,118

 

Work-in-progress

 

 

76

 

 

 

163

 

Finished goods

 

 

4,196

 

 

 

2,210

 

Total inventory

 

$

7,436

 

 

$

4,491

 

Property and Equipment, Net

Property and equipment, net consists of the following (in thousands):

 

 

 

December 31,

 

 

 

2024

 

 

2023

 

Laboratory equipment

 

$

28,723

 

 

$

28,563

 

Computer equipment and software

 

 

1,984

 

 

 

868

 

Furniture and fixtures

 

 

681

 

 

 

672

 

Leasehold improvements

 

 

3,577

 

 

 

3,520

 

Construction-in-progress

 

 

424

 

 

 

1,109

 

Property and equipment

 

 

35,389

 

 

 

34,732

 

Less: accumulated depreciation and amortization

 

 

(16,814

)

 

 

(12,539

)

Total property and equipment, net

 

$

18,575

 

 

$

22,193

 

 

For the years ended December 31, 2024 and 2023, the Company recognized depreciation and amortization expense of $6.2 million and $5.6 million, respectively.

Accrued Expenses

Accrued expenses consist of the following (in thousands):

 

 

 

December 31,

 

 

 

2024

 

 

2023

 

Accrued compensation

 

$

5,972

 

 

$

6,123

 

Accrued taxes

 

 

471

 

 

 

501

 

Accrued professional services

 

 

320

 

 

 

242

 

Other

 

 

1,174

 

 

 

2,346

 

Total accrued expenses

 

$

7,937

 

 

$

9,212