(6)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. |
Depreciation and amortization expense was $3.4 million and $2.8 million for the years ended December 31, 2024 and 2023, respectively.
|