XML 175 R25.htm IDEA: XBRL DOCUMENT v3.25.2
Property and Equipment, net (Tables)
12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment, Net

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

December 31,

    

2024

    

2023

Computer software

$

508

$

903

Lab equipment(1)

 

11,157

 

11,392

Office furniture

 

267

 

267

Leasehold improvements

 

340

 

340

Construction in progress

 

 

13

 

12,272

 

12,915

Less: accumulated depreciation and amortization(2)

 

(7,887)

 

(6,151)

$

4,385

$

6,764

(1)Lab equipment includes failed sale lease-back assets of $3.4 million as of December 31, 2024 and 2023. Lab equipment includes finance lease ROU assets of $3.2 million and $2.9 million, respectively, as of December 31, 2024 and 2023.
(2)The accumulated amortization balance includes $1.5 million and $0.9 million, respectively, related to failed sale-leaseback assets as of December 31, 2024 and 2023. The accumulated amortization balance includes $2.3 million and $1.7 million, respectively, related to finance lease ROU assets as of December 31, 2024 and 2023.