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Property and Equipment, Net | 12 Months Ended
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Dec. 31, 2023
Property and Equipment, Net [Abstract] |
PROPERTY AND EQUIPMENT, NET | 4. PROPERTY AND EQUIPMENT, NET Property and equipment, net consist of the following:
|  |  |  | December 31, |  |  | December 31, |
|  | Estimated Useful Lives |  | 2023 |  |  | 2022 |
Machinery and equipment |  | 3 to 5 years |  | $ | 3,162 |  |  | $ | 1,906 |
Furniture and fixtures |  | 3 to 7 years |  |  | 1,173 |  |  |  | 1,059 |
Computer hardware and software |  | 3 years |  |  | 1,328 |  |  |  | 1,155 |
Leasehold improvements |  | Lesser of lease term or asset life |  |  | 4,288 |  |  |  | 4,161 |
Total property and equipment |  |  |  |  | 9,951 |  |  |  | 8,281 |
Less accumulated depreciation |  |  |  |  | (3,549 | ) |  |  | (1,695 | )
Property and equipment, net |  |  |  | $ | 6,402 |  |  | $ | 6,586 |
In connection with the Waltham lease, the Company received $1,200 in August 2022 related to leasehold improvements funded by its landlord. These leasehold improvements are being depreciated over the shorter of the lease term or each asset’s life. The $1,200 was included in leasehold improvements. In connection with the Waltham lease, the Company received $840 in May 2021 related to leasehold improvements funded by its landlord. These leasehold improvements are being depreciated over the shorter of the lease term or each asset’s life. The $840 paid to vendors by the landlord was included in leasehold improvements. Depreciation expense for the years ended December 31, 2023 and 2022 was $1,854 and $1,111, respectively.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-7 + Details
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