Property and Equipment, Net

3 Months Ended

Mar. 31, 2021

Property Plant And Equipment [Abstract]

5. PROPERTY AND EQUIPMENT, NET

Property and equipment, net consists of the following:

	As of
	March 31, 2021			December 31, 2020
	(in thousands)
Laboratory equipment	$	13,563		$	12,703
Manufacturing equipment		7,815			7,754
Computers and purchased software		1,596			1,596
Furniture and fixtures		1,363			1,363
Leasehold improvements		29,961			29,961
Assets not yet in service		250			—
Property and equipment, at cost		54,548			53,377
Less: accumulated depreciation and amortization		(18,395	)		(16,375	)
Property and equipment, net	$	36,153		$	37,002

Depreciation expense for the three months ended March 31, 2021 was approximately $2.1 million, compared to $1.9 million for the three months ended March 31, 2020. The Company disposed of less than $0.1 million of property and equipment during the three months ended March 31, 2021. There were no disposals of property and equipment during the three months ended March 31, 2020.