Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.24.1
Property and Equipment
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment

4. Property and Equipment

 

The following is a summary of the components of property and equipment (in thousands):

 

    2023     2022  
    As of December 31,  
    2023     2022  
Manufacturing and lab equipment   $ 5,597     $ 6,192  
Leasehold improvements     2,034       951  
Software and computer equipment     751       741  
Furniture and equipment     136       119  
 Property and equipment, gross     8,518       8,003  
Less: accumulated depreciation     (3,692 )     (2,312 )
 Property and equipment, net   $ 4,826     $ 5,691  

 

Depreciation expense for 2023 and 2022 was approximately $0.9 million and approximately $0.3 million, respectively.