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Property and Equipment, Net
3 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Property, Plant and Equipment [Abstract]    
Property and Equipment, Net

6.     Property and Equipment, Net


Property and equipment, net consisted of the following:


 

March 31,
2021

 

December 31,
2020

Building(1)

 

$

12,513

 

 

$

12,513

 

Leasehold improvement(2)

 

 

70,548

 

 

 

55,289

 

Laboratory and production equipment

 

 

7,774

 

 

 

5,884

 

Machinery, equipment and fixtures

 

 

6,978

 

 

 

3,704

 

Construction in progress

 

 

2,184

 

 

 

19,773

 

Property and equipment

 

 

99,997

 

 

 

97,163

 

Less: Accumulated depreciation(3)

 

 

(9,550

)

 

 

(7,086

)

Property and equipment, net

 

$

90,447

 

 

$

90,077

 


(1)      Includes $12,513 at March 31, 2021 and December 31, 2020 under financing lease resulting from a failed sale leaseback (see Note 9).


(2)      Includes $70,026 and $55,273 at March 31, 2021 and December 31, 2020, respectively, under financing lease resulting from a failed sale leaseback (see Note 9).


(3)      Includes $5,258 and $2,624 at March 31, 2021 and December 31, 2020, respectively, under financing lease resulting from a failed sale leaseback (see Note 9).


Depreciation expense was $1,395 and $648, for the three months ended March 31, 2021 and 2020, respectively.


7.     Property and Equipment, Net


Property and equipment, net consisted of the following:


 

December 31,

   

2020

 

2019

Building(1)

 

$

12,513

 

 

$

 

Leasehold improvement(2)

 

 

55,289

 

 

 

776

 

Laboratory and production equipment

 

 

5,884

 

 

 

4,865

 

Machinery, equipment and fixtures

 

 

3,704

 

 

 

3,991

 

Construction in progress

 

 

19,773

 

 

 

61,137

 

Property and equipment

 

 

97,163

 

 

 

70,769

 

Less: Accumulated depreciation(3)

 

 

(7,086

)

 

 

(4,382

)

Property and equipment, net

 

$

90,077

 

 

$

66,387

 


____________


(1)      Includes $12,513 at December 31, 2020 under financing lease resulting from a failed sale leaseback (see Note 10).


(2)      Includes $55,273 at December 31, 2020 under financing lease resulting from a failed sale leaseback (see Note 10).


(3)      Includes $2,624 at December 31, 2020 under financing lease resulting from a failed sale leaseback (see Note 10).


Depreciation expense was $4,780 and $2,043, for the years ended December 31, 2020 and 2019, respectively.


Construction in progress


Construction in progress of $19,773 as of December 31, 2020 primarily relates to the leasehold improvements made at the Company’s leased facilities in Florham Park, NJ (see Note 10).