Leasehold Improvements and Equipment, Net

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Leasehold Improvements and Equipment, Net

Leasehold Improvements and Equipment, Net

Leasehold improvements and equipment for the periods indicated consisted of the following:

	December 31,
(In thousands)	2021		2020
Laboratory equipment	$	3,281	$	2,967
Leasehold improvements	2,387		2,357
Computer equipment	814		751
Implementation costs - cloud computing arrangements	771		582
Furniture and fixtures	203		201
Construction in progress	91		2
	7,547		6,860
Less: Accumulated depreciation	(4,544)		(3,654)
Leasehold improvements and equipment, net	$	3,003	$	3,206

Depreciation expense on leasehold improvements and equipment for the years ended December 31, 2021 and 2020 was approximately $890,000 and $871,000, respectively. Depreciation is computed using the straight-line method over the estimated useful lives of the depreciable assets (ranging from three to ten years). Leasehold improvements are amortized on a straight-line basis over the shorter of their estimated useful lives or the remaining lease term.