PROPERTY AND EQUIPMENT, NET

6 Months Ended

Jun. 30, 2022

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET

NOTE 4. PROPERTY AND EQUIPMENT, NET

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

	June 30,		December 31,
	2022		2021
Leasehold improvements	$	67,994	$	57,817
Lab, process, and validation equipment		14,879		8,686
Utility equipment		4,179		4,179
Office furniture and equipment		2,644		1,244
Computer software		6,264		1,163
Computer equipment		696		674
Machinery and equipment		82		82
Construction in progress		15,911		35,782
Total property and equipment, cost		112,649		109,627
Less: Accumulated depreciation and amortization		(11,495)		(8,689)
Property and equipment, net	$	101,154	$	100,938

Depreciation expense for the three months ended June 30, 2022 and 2021, was $2.2 million and $0.3 million, respectively. Depreciation expense for the six months ended June 30, 2022 and 2021, was $4.0 million and $0.7 million, respectively.