Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Tables)

v3.24.3
Property and Equipment (Tables)
9 Months Ended
Sep. 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 September 30, 2024, and December 31, 2023, property and equipment consists of (table in thousands):

 

    September 30, 2024     December 31, 2023  
Lab equipment   $ 1,765     $ 1,757  
Finance lease right-of-use lab equipment     162       162  
Computer and office equipment     155       155  
Total property and equipment     2,082       2,074  
Less: accumulated depreciation and amortization     (1,901 )     (1,803 )
Property and equipment, net   $ 181     $ 271