Property and equipment, net

6 Months Ended

Jun. 30, 2022

Property, Plant and Equipment [Abstract]

Property and equipment, net

Property and equipment, net

Property and equipment as of June 30, 2022 and December 31, 2021 consists of the following (in thousands):

	June 30,		December 31,
	2022		2021
Construction in progress	$	134	$	933
Lab Equipment	34,161		27,776
Software	315		311
Furniture, Fixtures and Other	5,043		4,804
Leasehold Improvements	25,958		24,671
Total Cost	65,611		58,495
Less accumulated depreciation and amortization	(10,721)		(6,381)
Property and equipment, net	$	54,890	$	52,114

Depreciation expense was $2.3 million and $4.4 million for the three and six months ended June 30, 2022, respectively. Depreciation expense was $0.9 million and $1.2 million for the three and six months ended June 30, 2021, respectively.