Property and Equipment, Net

3 Months Ended

Mar. 31, 2021

Property Plant And Equipment [Abstract]

Property and Equipment, Net

4. Property and Equipment, Net

Property and equipment as of March 31, 2021 and December 31, 2020 consisted of the following (in thousands):

	March 31, 2021			December 31, 2020
Computer equipment	$	39		$	—
Lab equipment		122			81
Office furniture and fixtures		203			—
Leasehold improvement		2,563			—
Construction in progress		154			2,639
Property and equipment, as cost		3,081			2,720
Less: accumulated depreciation		(183	)		(71	)
Property and equipment, net	$	2,898		$	2,649

 Depreciation expense was $112,000 for the three months ended March 31, 2021. The Company did not incur depreciation expense during the three months ended March 31, 2020.