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Property and Equipment, Net
3 Months Ended
Mar. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net consisted of the following at March 31, 2023 and December 31, 2022 (in thousands):
March 31,
2023
December 31,
2022
Laboratory equipment$8,512 $8,335 
Furniture and fixtures161 161 
Computer equipment43 43 
Leasehold improvements1,859 1,859 
Construction in progress2,659 584 
Total property and equipment13,234 10,982 
Less: accumulated depreciation(3,840)(3,301)
Property and equipment, net$9,394$7,681
Depreciation expense for the three months ended March 31, 2023 and 2022 was $0.5 million and $0.4 million, respectively.
The construction in progress amount in the table above represents costs for capital assets not yet placed into service as of March 31, 2023.