Property and Equipment

12 Months Ended

Dec. 31, 2022

Property and Equipment

Property and Equipment

(4) Property and Equipment

Property and equipment consisted of the following (in thousands):

		December 31,
Asset description	Estimated useful lives	2022		2021
Lab equipment	5 Years	$	2,635	$	2,352
Furniture and fixtures	5 Years		274		242
Computer equipment and software	3 Years		604		468
Leasehold improvements	Lesser of useful life or lease term		2,309		1,881
Total			5,822		4,943
Less accumulated depreciation and amortization			(4,140)		(3,757)
Property and equipment, net		$	1,682	$	1,186

The cost of property and equipment at both December 31, 2022 and 2021 includes $0.2 million of equipment located at Aroa. Depreciation expense was $0.4 million, $0.2 million and $0.2 million for the years ended December 31, 2022, 2021 and 2020, respectively.