Annual report pursuant to Section 13 and 15(d)

Property and Equipment (Tables)

v3.22.4
Property and Equipment (Tables)
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment

Property and Equipment consist of the following as of December 31, 2022 and 2021 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

Estimated useful life
(in years)

 

December 31, 2022

 

 

December 31, 2021

 

Laboratory equipment

 

5

 

$

9,140

 

 

$

7,989

 

Computer equipment

 

3

 

 

2,036

 

 

 

1,979

 

Furniture and fixtures

 

4

 

 

1,075

 

 

 

1,075

 

Leasehold improvements

 

*

 

 

11,657

 

 

 

11,657

 

 

 

 

 

 

23,908

 

 

 

22,700

 

Less: Accumulated depreciation

 

 

 

 

(12,555

)

 

 

(9,856

)

Total property and equipment, net

 

 

 

$

11,353

 

 

$

12,844

 

* Leasehold improvements are depreciated over the shorter of the life of the asset and the term of the lease at 7.2 years and 8.2 years as of December 31, 2022 and 2021, respectively. The Company moved into its corporate headquarters in November 2019 and the HQ Lease term ends in February 2030.