Property and Equipment, net

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property and Equipment, net

5.Property and Equipment, net

Property and equipment, net, consists of the following:

	December 31,
($ in thousands)	2022			2021
Office and computer equipment	$	2,183		$	2,534
Software		1,291			1,236
Leasehold improvements		9,561			9,474
Laboratory equipment		5,232			5,110
		18,267			18,354
Less: accumulated depreciation		(9,807	)		(7,413	)
Property and equipment, net	$	8,460		$	10,941

Depreciation expense for the year ended December 31, 2022 was $2.8 million and was $2.6 million for the year ended December 31, 2021. During the year ended December 31, 2021, the Company impaired property and equipment by $0.1 million. Refer to Note 3, Summary of Significant Accounting Policies, for further details.