Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT (Tables)

v3.23.1
PROPERTY AND EQUIPMENT (Tables)
 12 Months Ended
Dec. 31, 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):

 

                     
        As of December 31,  
    Useful lives (years)   2022     2021  
                 
Laboratory equipment   5   $ 7,636     $ 9,081  
Furniture, software and office equipment   3 to 5     1,379       1,896  
Leasehold improvements   Shorter of remaining lease term or useful life     8,605       8,603  
Construction-in-progress         —       3,219  
Subtotal         17,620       22,799  
Less: accumulated depreciation         (11,879 )     (10,460 )
Total property and equipment, net       $ 5,741     $ 12,339