Quarterly report [Sections 13 or 15(d)]

PROPERTY AND EQUIPMENT, NET (Tables)

v3.25.2
PROPERTY AND EQUIPMENT, NET (Tables)
6 Months Ended
Jun. 30, 2025
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)   June 30, 2025     December 31, 2024  
                 
Laboratory equipment   5   $ 9,598     $ 8,868  
Furniture, software and office equipment   3 to 5     2,236       1,113  
Leasehold improvements   Shorter of remaining lease term or useful life     8,913       8,805  
Construction-in-progress         4,800       624  
Subtotal         25,547       19,410  
Less: accumulated depreciation         (16,058 )     (14,980 )
Total property and equipment, net       $ 9,489     $ 4,430