Property and equipment, net, as of June 30, 2025 and December 31, 2024 was comprised as follows (in thousands):


	Estimated Useful Life (in Years)	June 30, 2025			December 31, 2024
Laboratory equipment	5	$	11,492		$	11,331
Furniture and office equipment	4		1,086			1,075
Computer equipment	3		149			87
Leasehold improvements	Shorter of useful life or remaining lease term		22,447			22,438
Construction in progress			—			107
Total property and equipment, gross			35,174			35,038
Less: accumulated depreciation			(9,779	)		(7,328	)
Total property and equipment, net		$	25,395		$	27,710

Property, plant and equipment are recorded at historical cost, net of accumulated depreciation. Depreciation expense for the three months ended June 30, 2025 and 2024 was $1.2 million and $0.7 million, respectively. Depreciation expense for the six months ended June 30, 2025 and 2024 was $2.5 million and $1.4 million, respectively.