FIXED ASSETS

6 Months Ended

Jun. 30, 2023

FIXED ASSETS

PROPERTY AND EQUIPMENT

6.        FIXED ASSETS

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

	June 30,		December 31,
(In thousands)	2023		2022
Computer software	$	3	$	7
Computer hardware		33		67
Leasehold improvements		66		66
Research and lab equipment		25		723
Office equipment		9		—
Property and equipment		136		863
Less accumulated depreciation		(99)		(636)
Property and equipment, net	$	37	$	227

Depreciation expense for the three and six months ended June 30, 2023 was $10 thousand and $29 thousand, respectively. Depreciation expense for the three and six months ended June 30, 2022 was $13 thousand and $26 thousand, respectively. Maintenance and repairs are charged to expense as incurred and any additions or improvements are capitalized. The Company has recorded assets held for sale on the condensed consolidated balance sheets for Research and Laboratory equipment actively marketed of $53 thousand at June 30, 2023.