PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2021

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

NOTE 6 – PROPERTY AND EQUIPMENT

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

	2021		2020
Building	$	200	$	200
Building improvements		14		9
Leasehold improvements		176		172
Office equipment		467		232
Software		88		—
Other equipment		335		81
Construction in process		85		—
Property and equipment, at cost		1,365		694
Accumulated depreciation		(292)		(132)
Property and equipment, net of accumulated depreciation	$	1,073	$	562

For the years ended December 31, 2021 and 2020, the Company recorded depreciation expense of $156,000 and $45,000, respectively.