Fixed Assets

12 Months Ended

Dec. 31, 2023

Assets [Abstract]

Fixed Assets

5.Fixed Assets

Fixed assets, net consisted of the following:

		December 31,			December 31,
	Useful Life	2023			2022
		(in thousands)
Computer equipment	5 years	$	117		$	66
Lab equipment	5 years		1,192			1,192
Furniture and fixtures	7 years		555			456
Leasehold improvements	lease term		45			31
Total property, plant and equipment			1,909			1,745
Less: Accumulated depreciation			(1,225	)		(914	)
Property, plant and equipment, net		$	684		$	831

Depreciation expense was $0.2 million for the years ended December 31, 2023 and 2022, respectively. In addition, for the years ended December 31, 2023 and 2022, there was $0.1 million of depreciation related to sublet assets recorded as other expense.