Quarterly report [Sections 13 or 15(d)]

PROPERTY AND EQUIPMENT, NET (Tables)

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PROPERTY AND EQUIPMENT, NET (Tables)
9 Months Ended
Sep. 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)   September 30, 2025     December 31, 2024  
                 
Laboratory equipment   5   $ 10,008     $ 8,868  
Furniture, software and office equipment   3 to 5     3,063       1,113  
Leasehold improvements   Shorter of remaining lease term or useful life     8,603       8,805  
Construction-in-progress         5,020       624  
Subtotal         26,694       19,410  
Less: accumulated depreciation         (16,356 )     (14,980 )
Total property and equipment, net       $ 10,338     $ 4,430