Quarterly report [Sections 13 or 15(d)]

PROPERTY AND EQUIPMENT, NET

v3.25.1
PROPERTY AND EQUIPMENT, NET
 3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET

NOTE 4 – PROPERTY AND EQUIPMENT, NET

 

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

 

    March 31,
2025		     December 31,
2024		  
    (in thousands)  
Property and equipment, net:                
Land   $ 8,011     $ 8,011  
Land improvements     305       305  
Buildings     24,504       24,504  
Office furniture and equipment     1,378       1,371  
Laboratory equipment     12,124       12,124  
Leasehold improvements     34       34  
Property and equipment gross     46,356       46,349  
Less: Accumulated depreciation and amortization     (4,590 )     (4,097 )
Property and equipment, net   $ 41,766     $ 42,252