PROPERTY AND EQUIPMENT, NET

9 Months Ended

Sep. 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):

	September 30,		December 31,
	2022		2021
Leasehold improvements	$	73,341	$	57,817
Lab, process, and validation equipment		21,302		8,686
Utility equipment		4,179		4,179
Office furniture and equipment		2,957		1,244
Computer software		6,443		1,163
Computer equipment		696		674
Machinery and equipment		82		82
Construction in progress		5,695		35,782
Total property and equipment, cost		114,695		109,627
Less: Accumulated depreciation and amortization		(13,949)		(8,689)
Property and equipment, net	$	100,746	$	100,938

Depreciation expense for the three months ended September 30, 2022 and 2021, was $2.5 million and $1.0 million, respectively. Depreciation expense for the nine months ended September 30, 2022 and 2021, was $6.5 million and $1.8 million, respectively.