Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT, NET (Tables)

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PROPERTY AND EQUIPMENT, NET (Tables)
3 Months Ended
Mar. 31, 2024
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)   March 31, 2024     December 31, 2023  
                 
Laboratory equipment   5   $ 7,498     $ 6,935  
Furniture, software and office equipment   3 to 5     1,045       986  
Leasehold improvements   Shorter of remaining lease term or useful life     8,706       8,603  
Subtotal         17,249       16,524  
Less: accumulated depreciation         (13,482 )     (12,991 )
Total property and equipment, net       $ 3,767     $ 3,533