Property and Equipment, Net

9 Months Ended

Sep. 30, 2022

Property, Plant and Equipment [Abstract]

6. PROPERTY AND EQUIPMENT, NET

Property and equipment, net consists of the following:


	As of
	September 30, 2022			December 31, 2021
	(in thousands)
Laboratory equipment	$	6,017		$	5,857
Computers and purchased software		1,596			1,596
Furniture and fixtures		645			645
Property and equipment, at cost		8,258			8,098
Less: accumulated depreciation and amortization		(6,843	)		(5,846	)
Property and equipment, net	$	1,415		$	2,252

Depreciation expense for the three and nine months ended September 30, 2022 was approximately $0.3 million and $1.0 million, respectively, compared to $2.1 million and $6.3 million, respectively for the three and nine months ended September 30, 2021. The Company had no disposals of property and equipment during the three and nine months ended September 30, 2022 and less than $0.1 million of disposals during the three and nine months ended September 30, 2021.