Company: ADPT
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000950170-25-030913
Chunk: 179

Company: Adaptive Biotechnologies Corp
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 179
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12 Months

        12 Months Or Greater

        Fair Value

        Unrealized Loss

        Fair Value

        Unrealized Loss

        U.S. government treasury securities
         
        $
        34,782

        $
        (92
        )
         
        $
        —

        $
        —

        Corporate bonds

        2,847

        (2
        )

        —

        —

        Total available-for-sale securities
         
        $
        37,629

        $
        (94
        )
         
        $
        —

        $
        —

       We periodically review our available-for-sale securities to assess for credit impairment. Some of the factors considered in assessing impairment include the extent to which the fair value is less than the amortized cost basis, adverse conditions related to the security, an industry or geographic area, changes to security ratings or sector credit ratings and other relevant market data.As of December 31, 2024, we did not intend, nor were we more likely than not to be required, to sell our available-for-sale investments before the recovery of their amortized cost basis, which may be maturity. Based on our assessment, we concluded all impairment as of December 31, 2024 to be due to factors other than credit loss, such as changes in interest rates. A credit allowance was not recognized and the impairment of our available-for-sale securities was recorded in other comprehensive loss.

106

Adaptive Biotechnologies CorporationNotes to Consolidated Financial Statements (Continued) 

7.Property and Equipment, NetProperty and equipment, net as of December 31, 2024 and 2023 consisted of the following (in thousands): 

        December 31,

        2024

        2023

        Laboratory equipment
         
        $
        46,950

        $
        49,567

        Computer equipment

        8,337

        7,970

        Furniture and office equipment

        4,040

        3,820

        Computer software

        1,258

        1,965

        Construction in progress

        2,571

        3,405

        Leasehold improvements

        73,277

        74,734

        Total property and equipment, at cost

        136,433

        141,461

        Less: Accumulated depreciation

        (87,817
        )

        (73,234
        )

        Property