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Property and Equipment, Net
 6 Months Ended
Jun. 30, 2021
Property Plant And Equipment [Abstract]  
Property and Equipment, Net

4. Property and Equipment, Net

Property and equipment as of June 30, 2021 and December 31, 2020 consisted of the following (in thousands):

 

 

 

June 30,

2021

 

 

December 31,

2020

 

Lab equipment

 

$

217

 

 

$

81

 

Office furniture, fixtures, and

   computer equipment

 

 

242

 

 

 

—

 

Leasehold improvement

 

 

2,563

 

 

 

—

 

Construction in progress

 

 

195

 

 

 

2,639

 

Property and equipment, at cost

 

 

3,217

 

 

 

2,720

 

Less: accumulated depreciation

 

 

(301

)

 

 

(71

)

Property and equipment, net

 

$

2,916

 

 

$

2,649

 

 

 Depreciation expense was $118,000 and $230,000 for the three and six months ended June 30, 2021, respectively. The Company did not incur depreciation expense during the three and six months ended June 30, 2020.