Property and Equipment, net

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property and Equipment, net

Property and Equipment, net

Property and equipment, net are as follows:

(in thousands)	Estimated Useful Life (in years)	December 31, 2022		December 31, 2021
Construction in progress	—	$	255	$	393
Leasehold improvements	Shorter of term of the lease or estimated useful life	2,978		2,978
Office equipment	5	645		645
Furniture	7	976		976
Computer equipment	3	251		262
		5,105		5,254
Less accumulated depreciation		(1,455)		(836)
Property and equipment, net		$	3,650	$	4,418

Depreciation expense for the years ended December 31, 2022, 2021 and 2020 was $629 thousand, $663 thousand and $82 thousand, respectively, which is included in SG&A expenses on the consolidated statements of operations.