Property and Equipment

9 Months Ended

Sep. 30, 2022

Property Plant And Equipment Net [Abstract]

Property and Equipment

Note 6. Property and Equipment

Property and equipment consisted of the following (in thousands): 

	September 30, 2022		December 31, 2021
Furniture and fixtures	$	—	$	48
Machinery and equipment		—		858
Lasers		—		3,085
Computer hardware and software		—		353
Construction in progress		—		169
Leasehold improvements		—		145
Property and equipment, gross		—		4,658
Accumulated depreciation		—		(2,849	)
Total property and equipment, net	$	—	$	1,809

Depreciation expense was nil and $0.2 million for the three months ended September 30, 2022 and 2021, respectively, and $0.2 million and $0.7 million for the nine months ended September 30, 2022 and 2021, respectively.

Due to the Company’s decision to discontinue enrollment of patients in its clinical trial and the RIF, the Company suspended manufacturing activities in June 2022. The Company’s property and equipment was determined to be impaired as of June 30, 2022, resulting in an impairment charge of $1.5 million which was based on the actual cash proceeds received upon the disposal of the property and equipment in July 2022. The impairment charge of $1.5 million is included in restructuring and impairment charges in the condensed statements of operations for the nine months ended September 30, 2022. See Note 13. Restructuring and Impairment Charges.