Annual report [Section 13 and 15(d), not S-K Item 405]

PROPERTY AND EQUIPMENT (Tables)

v3.26.1
PROPERTY AND EQUIPMENT (Tables)
12 Months Ended
Dec. 31, 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)   2025     2024  
        As of December 31,  
    Useful lives (years)   2025     2024  
                 
Laboratory equipment   5   $ 10,061     $ 8,868  
Furniture, software and office equipment   3 to 5     1,962       1,113  
Leasehold improvements   Shorter of remaining lease term or useful life     15,116       8,805  
Construction-in-progress               624  
Subtotal         27,139       19,410  
Less: accumulated depreciation         (17,218 )     (14,980 )
Total property and equipment, net       $ 9,921     $ 4,430