Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

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Property and Equipment, Net
3 Months Ended
Mar. 31, 2024
Property, Plant and Equipment [Abstract]  
Property, and Equipment, Net Property and Equipment, Net
Property and equipment, net is comprised of the following:
March 31,
2024
December 31,
2023
Furniture and fixtures
$ 2,391  $ 2,439 
Machinery and equipment
4,486  6,008 
Computer equipment and capitalized software
7,129  7,531 
Leasehold improvements
24,754  27,680 
Total property and equipment
38,760  43,658 
Less: accumulated depreciation
(13,684) (16,504)
Total property and equipment, net
$ 25,076  $ 27,154 
Total depreciation expense was $1.5 million and $2.5 million for the three months ended March 31, 2024 and 2023, respectively.