| Schedule of Property and Equipment, Net |
Property and equipment, net consisted of the following (in thousands): | | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | | Land | $ | 7,245 | | | $ | 7,245 | | | Lab equipment | 26,400 | | | 23,633 | | | Leasehold improvements | 14,808 | | | 14,616 | | | Computer equipment | 5,702 | | | 5,306 | | | Furniture and fixtures | 3,550 | | | 3,541 | | | Construction-in-progress | 31,870 | | | 9,614 | | | Total | 89,575 | | | 63,955 | | | Less accumulated depreciation | (15,515) | | | (12,833) | | | Property and equipment, net | $ | 74,060 | | | $ | 51,122 | |
Depreciation expense was recorded in the unaudited condensed consolidated statements of operations as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | | Cost of sales (exclusive of amortization of acquired intangible assets) | $ | 909 | | | $ | 637 | | | $ | 1,812 | | | $ | 1,292 | | | Research and development | 95 | | | 85 | | | 189 | | | 169 | | | Selling, general and administrative | 449 | | | 379 | | | 891 | | | 733 | | | Total | $ | 1,453 | | | $ | 1,101 | | | $ | 2,892 | | | $ | 2,194 | |
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