Company: CSTL
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001447362-25-000069
Chunk: 104

Company: CASTLE BIOSCIENCES INC
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 8
Chunk 104
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 balance for our AFS U.S. government securities was $0.6 million as of both March 31, 2025 and December 31, 2024.Accrued interest receivable for our HTM U.S. government securities is included in other assets — long-term in our unaudited condensed consolidated balance sheets. As of March 31, 2025, the accrued interest receivable balance for our HTM U.S. government securities was immaterial. No amounts were accrued as of December 31, 2024 as none were considered HTM.Additional information relating to the fair value of marketable investment securities can be found in Note 10.

6. Property and Equipment, Net

Property and equipment, net consisted of the following (in thousands): March 31, 2025December 31, 2024Land$7,245 $7,245 Lab equipment23,728 23,633 Leasehold improvements14,624 14,616 Computer equipment5,545 5,306 Furniture and fixtures3,543 3,541 Construction-in-progress14,958 9,614 Total69,643 63,955 Less accumulated depreciation(14,220)(12,833)Property and equipment, net$55,423 $51,122 Depreciation expense was recorded in the unaudited condensed consolidated statements of operations as follows (in thousands):Three Months EndedMarch 31, 20252024Cost of sales (exclusive of amortization of acquired intangible assets)$903 $655 Research and development94 84 Selling, general and administrative442 354 Total$1,439 $1,093 

7. Goodwill and Other Intangible Assets, Net

GoodwillWe had a single reporting unit where all goodwill was allocated for as of March 31, 2025 and December 31, 2024. The balance of our goodwill was $10.7 million as of March 31, 2025 and December 31, 2024. There were no accumulated impairments of goodwill as of March 31, 2025 or December 31, 2024.We had a single reportable segment consisting of a single operating segment where the operating segment and the single reporting unit where the same as of March 31, 2025 and December 31, 2024. See Note 14 for additional information on our reportable segment.

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