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Property and Equipment, Net
 9 Months Ended
Sep. 30, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

4. Property and Equipment, Net

 

 

 

September 30,
2023

 

 

December 31,
2022

 

Machinery & equipment

 

 

2,886

 

 

$

2,448

 

Computers

 

 

13

 

 

 

13

 

Furniture & fixtures

 

 

69

 

 

 

69

 

Leasehold improvements

 

 

10,765

 

 

 

409

 

Assets not placed in service

 

 

—

 

 

 

10,200

 

Total property and equipment

 

 

13,733

 

 

 

13,139

 

Less: Accumulated depreciation

 

 

(2,911

)

 

 

(2,184

)

Property and equipment, net

 

$

10,822

 

 

$

10,955

 

 

 

 

Depreciation expense for the three months ended September 30, 2023 and 2022 was $358 and $74, respectively. Depreciation expense for the nine months ended September 30, 2023 and 2022 was $898 and $240, respectively.

 

During the nine months ended September 30, 2023, the Company disposed of $171 of fully depreciated fixed assets in conjunction with the move to One Research Way in Princeton, New Jersey (see Note 6). No gain or loss was recorded on these disposals.