Property and Equipment, Net

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

7. Property and Equipment, Net

Property and equipment, net consisted of the following:

	December 31,
	2021			2020
Building(1)	$	12,513		$	12,513
Leasehold improvement(2)		71,468			55,289
Laboratory and production equipment		11,395			5,884
Machinery, equipment and fixtures		7,974			3,704
Construction in progress		2,054			19,773
Property and equipment		105,404			97,163
Less: Accumulated depreciation(3)		(14,779	)		(7,086	)
Property and equipment, net	$	90,625		$	90,077

(1) Includes $12,513 at December 31, 2021 and 2020 under financing lease resulting from a failed sale leaseback (see Note 11).

(2) Includes $70,959 and $55,273 at December 31, 2021 and 2020, respectively, under financing lease resulting from a failed sale leaseback (see Note 11). 

(3) Includes $5,971 and $2,624 at December 31, 2021 and 2020, respectively, under financing lease resulting from a failed sale leaseback (see Note 11).

Depreciation expense was $6,625 and $4,780 for the years ended December 31, 2021 and 2020, respectively.

Construction in progress

Construction in progress of $2,054 and $19,773 as of December 31, 2021 and 2020 primarily relates to the leasehold improvements made at the Company’s leased facilities in Florham Park, NJ.