v3.25.2
PROPERTY AND EQUIPMENT, NET (Tables)
6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
SCHEDULE OF PROPERTY AND EQUIPMENT

Property and equipment are stated at cost and depreciated or amortized using the straight-line method based on useful lives as follows (in thousands):

 

   Useful lives (years)  June 30, 2025   December 31, 2024 
            
Laboratory equipment  5  $9,598   $8,868 
Furniture, software and office equipment  3 to 5   2,236    1,113 
Leasehold improvements  Shorter of remaining lease term or useful life   8,913    8,805 
Construction-in-progress      4,800    624 
Subtotal      25,547    19,410 
Less: accumulated depreciation      (16,058)   (14,980)
Total property and equipment, net     $9,489   $4,430