Property and equipment

3 Months Ended

Mar. 31, 2023

Property and equipment

Property and equipment

5.           Property and equipment, net

Property and equipment are as follows (in thousands):

	As of		As of
	March 31,		December 31,
	2023		2022
Office equipment and furniture		152		152
Laboratory equipment		—		401
Leasehold improvements		979		979
Less accumulated depreciation		(1,131)		(1,500)
Property and equipment, net	$	—	$	32

Depreciation expense was less than $0.1 million for each of the three months ended March 31, 2023 and 2022. The Company disposed of certain laboratory equipment that were fully depreciated at the time of disposal.