Property and equipment, net

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property and equipment, net

4. Property and equipment, net

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

	December 31, 2022
	Cost		Accumulated Amortization		Net Book Value
Laboratory equipment	$	6,773	$	1,926	$	4,847
Furniture, fixtures, and IT equipment		2,342		1,026		1,316
	$	9,115	$	2,952	$	6,163

	December 31, 2021
	Cost		Accumulated Amortization		Net Book Value
Laboratory equipment	$	6,237	$	1,006	$	5,231
Furniture, fixtures, and IT equipment		1,850		629		1,221
	$	8,087	$	1,635	$	6,452

Depreciation expense on property and equipment totaled $1.4 million and $1.1 million for the years ended December 31, 2022 and 2021, respectively.