Property and Equipment, Net

3 Months Ended

Mar. 31, 2023

Property, Plant and Equipment [Abstract]

6. PROPERTY AND EQUIPMENT, NET

Property and equipment, net consists of the following:


	As of
	March 31, 2023			December 31, 2022
	(in thousands)
Laboratory equipment	$	6,149		$	6,025
Computers and purchased software		644			644
Furniture and fixtures		645			645
Property and equipment, at cost		7,438			7,314
Less: accumulated depreciation and amortization		(6,376	)		(6,236	)
Property and equipment, net	$	1,062		$	1,078

Depreciation expense for the three months ended March 31, 2023 and March 31, 2022 was approximately $0.2 million and $0.3 million, respectively. The Company had less than $0.1 million of disposals of property and equipment during the three months ended March 31, 2023. The Company had no disposals of property and equipment during the three months ended March 31, 2022.