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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 $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.