v3.25.2
Property and Equipment, Net
6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

4. Property and Equipment, Net

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

 

 

June 30, 2025

 

 

December 31, 2024

 

Laboratory equipment

 

$

24,557

 

 

$

24,468

 

Computer equipment

 

 

4,058

 

 

 

3,924

 

Furniture and office equipment

 

 

4,524

 

 

 

4,523

 

Leasehold improvements

 

 

30,953

 

 

 

30,954

 

Construction in progress

 

 

861

 

 

 

861

 

 

 

 

64,953

 

 

 

64,730

 

Less: Accumulated depreciation and amortization

 

 

(55,331

)

 

 

(53,196

)

 

 

$

9,622

 

 

$

11,534

 

 

 

 

Depreciation and amortization expense was $1,059, $2,135, $1,420 and $2,979 for the three and six months ended June 30, 2025 and 2024 respectively. The expense for the three and six months ended June 30, 2024 includes amounts related to both continuing and discontinued operations. The Company did not dispose of any assets during the six months ended June 30, 2025. During the six months ended June 30, 2024, the Company disposed of certain assets with a cost basis of $594. In addition, during the six months ended June 30, 2024, the Company recorded an impairment loss of $1,536 related to leasehold improvements at one of the Company’s locations for which impairment indicators were determined to exist as of June 30, 2024. See Note 6, Leases, for further details.