Property and Equipment, Net

3 Months Ended

Mar. 31, 2022

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

4. Property and Equipment, Net

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

	March 31,			December 31,
	2022			2021
Lab equipment	$	279		$	268
Office furniture, fixtures, and    computer equipment		530			325
Leasehold improvement		4,222			2,563
Construction in progress		—			1,124
Property and equipment, at cost		5,031			4,280
Less: accumulated depreciation		(677	)		(523	)
Property and equipment, net	$	4,354		$	3,757

Depreciation expense was $154,000 and $112,000 for the three months ended March 31, 2022 and 2021, respectively.