Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT (Tables)

v3.24.1
PROPERTY AND EQUIPMENT (Tables)
12 Months Ended
Dec. 31, 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)   2023     2022  
        As of December 31,  
    Useful lives (years)   2023     2022  
                 
Laboratory equipment   5   $ 6,935     $ 7,636  
Furniture, software and office equipment   3 to 5     986       1,379  
Leasehold improvements   Shorter of remaining lease term or useful life     8,603       8,605  
Construction-in-progress                
Subtotal         16,524       17,620  
Less: accumulated depreciation         (12,991 )     (11,879 )
Total property and equipment, net       $ 3,533     $ 5,741