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Property and Equipment, Net
12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

5. Property and Equipment, Net

Property and equipment, net as of December 31, 2022 and 2021 consisted of the following:

 

 

December 31,

 

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Computer equipment

 

$

473

 

 

$

469

 

Office equipment

 

 

514

 

 

 

509

 

Laboratory equipment

 

 

6,075

 

 

 

5,536

 

Leasehold improvements

 

 

2,519

 

 

 

2,465

 

Total

 

 

9,581

 

 

 

8,979

 

Less: Accumulated depreciation

 

 

(5,353

)

 

 

(3,375

)

Property and equipment, net

 

$

4,228

 

 

$

5,604

 

Depreciation expense recognized was allocated as follows:

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Research and development

 

$

1,837

 

 

$

1,325

 

General and administration

 

 

141

 

 

 

146

 

Depreciation expense

 

$

1,978

 

 

$

1,471