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Property and Equipment, Net
3 Months Ended
Mar. 31, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment consists of the following (in thousands):
March 31, 2020December 31, 2019
Property and equipment:
Lab equipment$8,082  $7,479  
Leasehold improvements2,014  2,014  
Furniture and fixtures822  750  
Computers and software204  204  
Office equipment  
Construction-in-process1,467  1,594  
Property and equipment12,592  12,050  
Less: accumulated depreciation(4,114) (3,709) 
Property and equipment, net$8,478  $8,341  
The Company recognized $0.5 million and $0.4 million of depreciation expense for the three months ended March 31, 2020 and 2019, respectively.