Property and Equipment, Net

12 Months Ended

Dec. 31, 2021

Property and Equipment, Net

Property and Equipment, Net

4. Property and Equipment, Net

Property and equipment, net consists of the following:

	December 31,
	2021		2020
Furniture, fixtures and equipment	$	222,430	$	125,538
Laboratory equipment		1,040,199		959,585
Computers and telecommunications		291,302		220,316
Software		147,556		64,409
Leasehold improvements		1,793,179		1,285,883
Property and equipment, at cost		3,494,666		2,655,731
Less: accumulated depreciation and amortization		(2,046,880)		(1,598,811)
Property and equipment, net	$	1,447,786	$	1,056,920

Depreciation expense related to property and equipment for the years ended December 31, 2021 and 2020 was $0.4 million and $0.3 million, respectively.