FIXED ASSETS

3 Months Ended

Mar. 31, 2023

FIXED ASSETS

PROPERTY AND EQUIPMENT

6.        FIXED ASSETS

Property, equipment, and leasehold improvements, net consisted of the following:

	March 31,		December 31,
(In thousands)	2023		2022
Computer software	$	7	$	7
Computer hardware		67		67
Leasehold improvements		66		66
Research and lab equipment		498		723
Office equipment		9		—
Property and equipment		647		863
Less accumulated depreciation		(495)		(636)
Property and equipment, net	$	152	$	227

Depreciation expense for the three months ended March 31, 2023 and 2022 was $19 thousand and $13 thousand, respectively. Maintenance and repairs are charged to expense as incurred and any additions or improvements are capitalized.