PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2022

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

3. PROPERTY AND EQUIPMENT

Property and equipment, net consisted of the following:

	December 31,		December 31,
(In thousands)	2022		2021
Computer hardware	$	67	$	52
Computer Software		7		5
Research and lab equipment		723		580
Leasehold improvements		66		66
Property and equipment		863		703
Less accumulated depreciation		(636)		(576)
Property and equipment, net	$	227	$	127

Depreciation expense for the years ended December 31, 2022 and 2021, was $60 thousand, and $35 thousand, respectively. Maintenance and repairs are charged to expense as incurred and any additions or improvements are capitalized.