| Property and Equipment, net |
Property and Equipment, net Property and equipment, net consisted of the following: | | | | | | | | | | | | | March 31, 2025 | | December 31, 2024 | | | | | | Laboratory equipment | 23,218 | | | 18,267 | | | Leasehold improvements | 14,663 | | | 14,655 | | | Computer equipment | 7,714 | | | 6,912 | | | Building under finance lease | 4,529 | | | 4,529 | | | Equipment under finance leases | 3,293 | | | 3,293 | | | Furniture, fixtures and other equipment | 584 | | | 584 | | | Construction in-progress | 4,638 | | | 4,960 | | | Total property and equipment | 58,639 | | | 53,200 | | | Less: accumulated depreciation and amortization | (22,256) | | | (20,307) | | | Property and equipment, net | $ | 36,383 | | | $ | 32,893 | |
For the three months ended March 31, 2025 and 2024, depreciation and amortization expense was $2.2 million and $1.7 million, respectively. Depreciation and amortization expense is included within the condensed consolidated statements of operations and comprehensive loss as follows: | | | | | | | | | | | | | | | | | Three months ended March 31, | | | | 2025 | | 2024 | | | | | | Cost of services | $ | 1,075 | | | $ | 816 | | | | | | Research and development | 372 | | | 196 | | | | | | | | | | | | | | General and administrative | 725 | | | 730 | | | | | | Total depreciation and amortization expense | $ | 2,172 | | | $ | 1,742 | | | | | |
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