v3.25.2
Supplemental Balance Sheet Information
 6 Months Ended
Jun. 30, 2025
Supplemental Balance Sheet Information [Abstract]  
Supplemental Balance Sheet Information

Note 4. Supplemental balance sheet information

Property and equipment

Property and equipment, net consisted of the following:

 

(in thousands)

 

June 30,
2025

 

 

December 31,
2024

 

Scientific equipment

 

$

5,278

 

 

$

4,552

 

Furniture & office equipment

 

 

1,325

 

 

 

1,204

 

Leasehold improvements & assets under construction

 

 

4,623

 

 

 

4,055

 

Total

 

 

11,225

 

 

 

9,811

 

Accumulated depreciation and amortization

 

 

(6,050

)

 

 

(4,916

)

Property & equipment, net

 

$

5,175

 

 

$

4,895

 

 

Depreciation and amortization expense was $0.3 million and $0.6 million for the three and six months ended June 30, 2025 and 2024, respectively. As of June 30, 2025, the Company had not recorded any impairment of property and equipment as it expects to recover the carrying value of these assets.