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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Schedule of Inventory, Net of Reserves
Inventory, net of reserves, consisted of the following at December 31, 2023 and 2022 (in thousands):
December 31, 2023December 31, 2022
Raw materials$33,790 $2,397 
Work in process4,727 — 
Finished goods2,387 2,126 
Total inventory$40,904 $4,523 
Classified as:
Inventory, net$9,410 $4,523 
Long-term inventory, net31,494 — 
Total inventory$40,904 $4,523 
Schedule Of Cost Of Goods Sold
The following table summarizes cost of goods sold for the years ended December 31, 2023, 2022 and 2021 (in thousands):
Year Ended December 31,
202320222021
Cost of goods sold - product sales$8,406 $4,420 $3,818 
Cost of goods sold - license and collaboration3,044 — — 
Total cost of goods sold$11,450 $4,420 $3,818 
Schedule of Vesting Award Terms
Expiration TermVesting Term
Stock Options10 years
3 to 4 years
Restricted Stock Units----
1 to 4 years
Schedule of Major Classifications of Property and Equipment
The major classifications of property and equipment, including their respective expected useful lives, consist of the following:
Computers and equipment3 years
Furniture and fixtures7 years
Leasehold improvementsShorter of length of lease or life of the asset
Property, plant and equipment, net consisted of the following (in thousands):
December 31,
20232022
Computers and equipment$2,071 $2,049 
Furniture and fixtures2,990 2,938 
Leasehold improvements9,692 9,180 
Construction-in-progress169 77 
14,922 14,244 
Less: Accumulated depreciation(7,443)(5,195)
Total property and equipment, net$7,479 $9,049 
Schedule of Foreign Currency Translation Adjustment Included in Accumulated Other Comprehensive Loss
The following table summarizes the foreign currency translation adjustment included in accumulated other comprehensive loss for the year ended December 31, 2023, 2022 and 2021 (in thousands):
Foreign Currency Translation Adjustments included in Accumulated Other Comprehensive Loss
202320222021
Balance at January 1,$415 $(92)$(1,607)
Foreign currency translation adjustments(1,871)507 1,515 
Balance at December 31,$(1,456)$415 $(92)
Schedule of Restructuring and Related Costs
2023
Liability balance at January 1,$— 
Restructuring expenses11,394 
Foreign currency impact27 
Liability balance at December 31,$11,421