Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT, NET (Tables)

v3.24.2.u1
PROPERTY AND EQUIPMENT, NET (Tables)
6 Months Ended
Jun. 30, 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):

 

SCHEDULE OF PROPERTY AND EQUIPMENT

    Useful lives (years)   June 30, 2024     December 31, 2023  
                 
Laboratory equipment   5   $ 8,140     $ 6,935  
Furniture, software and office equipment   3 to 5     1,057       986  
Leasehold improvements   Shorter of remaining lease term or useful life     8,744       8,603  
Subtotal         17,941       16,524  
Less: accumulated depreciation         (13,966 )     (12,991 )
Total property and equipment, net       $ 3,975     $ 3,533