Property and Equipment, Net

6 Months Ended

Jun. 30, 2022

Property Plant And Equipment [Abstract]

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


	June 30,			December 31,
	2022			2021
Laboratory and manufacturing equipment	$	28,158		$	28,101
Land and buildings		10,186			10,404
Leasehold improvements		1,490			1,614
Computer equipment and software		529			463
Capitalized software		232			228
Construction in process		21,683			22,097
Property and equipment – at cost		62,278			62,907
Less accumulated depreciation		(5,973	)		(4,392	)
Property and equipment – net	$	56,305		$	58,515

The Company owns and operates commercial manufacturing and research and development facilities in Italy, including a 51,000 square foot facility, which the Company expects to further expand to a 88,600 square foot facility, as well as approximately 12 acres of land, where the Company initiated construction of an additional 207,000 square foot facility. Both facilities are near the Town of Lecce in the Puglia region of Italy. Property and equipment classified as construction in process at June 30, 2022 and December 31, 2021 are related to the development of manufacturing lines that have not yet been placed into service at June 30, 2022 and December 31, 2021, respectively.

Depreciation expense was approximately $0.4 million and $0.2 million for the three months ended June 30, 2022 and 2021, respectively, and $1.4 million and $0.4 million for the six months ended June 30, 2022 and 2021, respectively.