Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Tables)

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Property and Equipment (Tables)
6 Months Ended
Jun. 30, 2024
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 June 30, 2024, and December 31, 2023, property and equipment consists of (table in thousands):

 

    June 30, 2024     December 31, 2023  
Lab equipment (excluding equipment under finance leases)   $ 1,765     $ 1,757  
Finance lease right-of-use lab equipment obtained in exchange for finance lease liabilities, net     162       162  
Computer and office equipment     155       155  
Total property and equipment     2,082       2,074  
Less: accumulated depreciation and amortization     (1,871 )     (1,803 )
Property and equipment, net   $ 211     $ 271