Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT, NET (Tables)

v3.22.2.2
PROPERTY AND EQUIPMENT, NET (Tables)
9 Months Ended
Sep. 30, 2022
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)  

September 30,

2022

   

December 31,

2021

 
                 
Laboratory equipment   5   $ 8,144     $ 9,081  
Furniture, software and office equipment   3 to 5     1,726       1,896  
Leasehold improvements   Shorter of remaining lease term or useful life     8,586       8,603  
Construction-in-progress               3,219  
Subtotal         18,456       22,799  
Less: accumulated depreciation         (11,850 )     (10,460 )
Total property and equipment, net       $ 6,606     $ 12,339