Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, net

v3.24.1.u1
Property and Equipment, net
3 Months Ended
Mar. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment, net

Note 5. Property and Equipment, net

Property and equipment consist of the following:

 

(in thousands)

 

March 31,
2024

 

 

December 31,
2023

 

Machinery and equipment

 

$

12,084

 

 

$

11,249

 

Leasehold improvements

 

 

12,478

 

 

 

12,613

 

Computer equipment

 

 

3,490

 

 

 

3,481

 

Furniture and fixtures

 

 

447

 

 

 

438

 

Computer software

 

 

260

 

 

 

242

 

Construction in process

 

 

355

 

 

 

523

 

Property and equipment, gross

 

 

29,114

 

 

 

28,546

 

Less: Accumulated depreciation

 

 

(11,221

)

 

 

(10,833

)

Property and equipment, net

 

$

17,893

 

 

$

17,713

 

 

Depreciation expense for property and equipment was $1.0 million and $0.8 million for the three months ended March 31, 2024 and 2023, respectively.