Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT (Tables)

v3.23.1
PROPERTY AND EQUIPMENT (Tables)
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment
Property and equipment, net, as of December 31, 2022 and 2021 were as follows (in thousands):
December 31,
  Useful Lives 2022 2021
Office furniture and IT equipment
3 - 5 years
 $ 1,392  $ 2,592 
Tenant improvements * —  1,967 
Laboratory and other equipment 5 years —  691 
1,392  5,250 
Less: accumulated depreciation (817) (3,533)
$ 575  $ 1,717 
* Tenant improvements were amortized over the lesser of the remaining term of the related lease or the estimated useful life of the tenant improvements.