PROPERTY and EQUIPMENT, net (Tables)

9 Months Ended

Sep. 30, 2023

Property, Plant and Equipment [Abstract]

Property and equipment consists of the following as of September 30, 2023 and December 31, 2022:



(In thousands)	September 30, 2023		December 31, 2022
Leasehold improvements	$	17,392	$	15,983
Furniture, fixtures and equipment	5,887		5,204
Total property and equipment	23,279		21,187
Less: accumulated depreciation	(11,271)		(8,218)
Total property and equipment, net	$	12,008	$	12,969

Depreciation expense is included within the following financial statement line items within the Company’s Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss).


	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands)	2023		2022		2023		2022

Research and development	$	415	$	627	$	1,231	$	1,224
Sales and marketing	48		78		141		156
General and administrative	570		295		1,681		873
Total	$	1,033	$	1,000	$	3,053	$	2,253