Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT, NET (Tables)

v3.23.3
PROPERTY AND EQUIPMENT, NET (Tables)
9 Months Ended
Sep. 30, 2023
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, 2023     December 31, 2022  
                 
Laboratory equipment   5   $ 7,182     $ 7,636  
Furniture, software and office equipment   3 to 5     960       1,379  
Leasehold improvements   Shorter of remaining lease term or useful life     8,602       8,605  
Subtotal         16,744       17,620  
Less: accumulated depreciation         (12,745 )     (11,879 )
Total property and equipment, net       $ 3,999     $ 5,741