Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.24.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Schedule of Property and Equipment, Net
Property and equipment and equipment on lease are stated at cost, less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the respective assets, as follows:
Estimated useful life
Equipment on lease
 3 - 5 years
Computers and software
 1 - 3 years
Lab equipment and other equipment
 3 - 7 years
Furniture and fixtures
 3 - 5 years
Leasehold improvements
Shorter of the remaining lease term or useful life of 10 years
Property and equipment, net consisted of the following:
December 31,
2023 2022
(In thousands)
Computers and software $ 2,549  $ 2,222 
Lab equipment and other equipment 8,075  7,379 
Furniture and fixtures 206  181 
Leasehold improvements 14,406  16,273 
Total property, plant and equipment 25,236  26,055 
Less accumulated depreciation and amortization (8,910) (6,243)
Property, plant and equipment, net $ 16,326  $ 19,812