Property and Equipment, net

3 Months Ended

Mar. 31, 2023

Property, Plant and Equipment [Abstract]

Property and Equipment, net

Property and Equipment, net

As of March 31, 2023 and December 31, 2022, the Company’s property and equipment consisted of the following (table in thousands):

	March 31, 2023		December 31, 2022
Leasehold Improvements	$	1,322	$	1,256
Machinery and Equipment	6,001		5,922
Information Technology & Office Equipment	1,845		1,845
Laboratory Equipment	807		807
Total Property and Equipment	9,975		9,830
Accumulated Depreciation	(7,796)		(7,636)
Property and Equipment, net	$	2,179	$	2,194

Depreciation expense for the three months ended March 31, 2023 and 2022 was $0.2 million and $0.1 million respectively.