Property and Equipment

12 Months Ended

Dec. 31, 2021

Property and Equipment

Property and Equipment

4. Property and Equipment

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

	December 31,		December 31,
	2021		2020
Laboratory equipment	$	2,565	$	1,777
Leasehold improvements		899		899
Office furniture and equipment		429		401
Total property and equipment		3,893		3,077
Less: accumulated depreciation		(1,394)		(1,132)
Total property and equipment, net	$	2,499	$	1,945

Depreciation expense was $0.3 million and $0.3 million for the years ended December 31, 2021 and 2020, respectively. In 2021, we determined certain of our laboratory equipment was not required and now held for sale.  The resulting write-down of $0.2 million of net equipment was recorded as a loss and included in Other income (expense), net on the Statement of operations.