Property and Equipment

6 Months Ended

Jun. 30, 2022

Property Plant And Equipment [Abstract]

Property and equipment as of June 30, 2022 and December 31, 2021 consisted of the following:


	June 30, 2022			December 31, 2021
	(in thousands)
Laboratory equipment	$	5,235		$	5,203
Furniture and fixtures		81			93
Computer and office equipment		310			253
Leasehold improvements		7			7
		5,633			5,556
Less accumulated depreciation		(3,868	)		(3,444	)
Net property and equipment	$	1,765		$	2,112

Depreciation expense for the three months ended June 30, 2022 and 2021 was approximately $212,000 and $231,000, respectively. Depreciation expense for the six months ended June 30, 2022 and 2021 was approximately $432,000 and $449,000, respectively. Depreciation expense for the six months ended June 30, 2022 excludes trademark amortization expense of approximately $6,000, and amortization of capitalized license expenses of approximately $80,000. Depreciation expense for the six months ended June 30, 2021 excludes trademark amortization expense of approximately $6,000, and amortization of capitalized license expenses of approximately $177,000. During the six months ended June 30, 2022, the Company sold furniture and fixtures with an acquisition cost of $15,000, and collected cash of $3,000. The Company recorded a loss on the sale of fixed assets of $4,000, which is presented in other income on the consolidated statement of operations and other comprehensive loss. During the six months ended June 30, 2021, the Company sold fully depreciated lab equipment with an acquisition cost of $257,000, and the Company recorded a gain on the sale of fixed assets of $19,000, which is presented in other income on the consolidated statement of operations and other comprehensive loss.