Property and Equipment

12 Months Ended

Dec. 31, 2023

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	2023		2022
Lab equipment	5 Years	$	2,883	$	2,635
Furniture and fixtures	5 Years		284		274
Computer equipment and software	3 Years		645		604
Leasehold improvements	Lesser of useful life or lease term		2,507		2,309
Total			6,319		5,822
Less accumulated depreciation and amortization			(4,335)		(4,140)
Property and equipment, net		$	1,984	$	1,682

The cost of property and equipment at both December 31, 2023 and 2022 includes $0.2 million of equipment located at Aroa. Depreciation expense was $0.4 million, $0.4 million and $0.2 million for the years ended December 31, 2023, 2022 and 2021, respectively.