Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Tables)

v3.23.3
Property and Equipment (Tables)
 9 Months Ended
Sep. 30, 2023
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment

Property and equipment are recorded at cost and depreciated over the estimated useful lives of the underlying assets (three to five years) using the straight-line method. As of September 30, 2023, and December 31, 2022, property and equipment consists of (table in thousands):

 

Schedule of Property and Equipment

    September 30, 2023     December 31, 2022  
Lab equipment   $ 1,708     $ 1,631  
Finance lease right-of-use lab equipment     162       194  
Computer and office equipment     145       131  
Total property and equipment     2,015       1,956  
Less: accumulated depreciation and amortization     (1,763 )     (1,614 )
Property and equipment, net   $ 252     $ 342