Property and Equipment, Net

3 Months Ended

Mar. 31, 2022

Property and Equipment, Net

Property and Equipment, Net

4. Property and Equipment, Net

Property and equipment, net consists of the following (in thousands):

	March 31, 2022		December 31, 2021
Furniture, fixtures and equipment	$	163	$	222
Laboratory equipment		243		1,040
Computers and telecommunications		179		291
Software		128		148
Leasehold improvements		1,749		1,794
Property and equipment, at cost		2,462		3,495
Less: accumulated depreciation and amortization		(1,125)		(2,047)
Property and equipment, net	$	1,337	$	1,448

Depreciation expense related to property and equipment was approximately $0.1 million for both the three months ended March 31, 2022 and 2021.