PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

Property, plant and equipment, net consisted of the following (in thousands):

	December 31,
	2023		2022
Computers and equipment	$	2,071	$	2,049
Furniture and fixtures	2,990		2,938
Leasehold improvements	9,692		9,180
Construction-in-progress	169		77
	14,922		14,244
Less: Accumulated depreciation	(7,443)		(5,195)
Total property and equipment, net	$	7,479	$	9,049

The construction-in-process balance consists of costs related to the Company’s leasehold improvements at its facilities in San Diego, California.

Depreciation expense for the years ended December 31, 2023, 2022 and 2021 was $2.2 million, $2.1 million and $1.7 million, respectively.