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Property and Equipment
 12 Months Ended
Dec. 31, 2021
Property Plant And Equipment [Abstract]  
Property and Equipment

6. Property and Equipment

Property and equipment consisted of the following:

 

 

 

December 31,

 

(in thousands)

 

2021

 

 

2020

 

Lab equipment

 

$

4,266

 

 

$

3,010

 

Leasehold improvements

 

 

875

 

 

 

448

 

Furniture and fixtures

 

 

118

 

 

 

105

 

Construction in progress

 

 

668

 

 

 

—

 

 

 

 

5,927

 

 

 

3,563

 

Less accumulated depreciation

 

 

(1,998

)

 

 

(1,083

)

Property and equipment, net

 

$

3,929

 

 

$

2,480

 

 

 

In September 2019, the Company signed a 12-month capital lease for $0.4 million of lab equipment with an effective interest rate of 9.67%. At December 31, 2020, the Company had $0.1 million of accumulated amortization related to the capital lease. At December 31, 2020, the Company had no further lease payments under the capital lease.