Property and Equipment

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

7. PROPERTY AND EQUIPMENT

Property and equipment, net consists of the following:

	December 31,
	2022			2021
	(in thousands)
Laboratory equipment	$	6,025		$	5,857
Computers and purchased software		644			1,596
Furniture and fixtures		645			645
Property and equipment, at cost		7,314			8,098
Less accumulated depreciation and amortization		(6,236	)		(5,846	)
Property and equipment, net	$	1,078		$	2,252

Depreciation expense for the years ended December 31, 2022 and 2021 was approximately $1.3 million and $8.4 million, respectively. The Company disposed of approximately $0.1 million of property and equipment, net during each of the years ended December 31, 2022 and 2021. As of December 31, 2021, the Company has classified an additional $28.9 million of property and equipment, net in assets held for sale (see Note 6).