PROPERTY AND EQUIPMENT, NET

9 Months Ended

Sep. 30, 2020

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET

The following table reflects property and equipment as of September 30, 2020 and December 31, 2019 (in thousands): 

	September 30, 2020		December 31, 2019
Furniture and office equipment	$	2,802	$	2,557
Machinery and equipment	—		2,731
Laboratory equipment	221		221
Leasehold improvements	11,320		9,858
	14,343		15,367
Less: Accumulated depreciation and amortization	(10,570)		(11,870)
Property and equipment, net	$	3,773	$	3,497

Depreciation expense was $0.6 million and $0.3 million for the three months ended September 30, 2020 and 2019, respectively, and $1.2 million and $0.9 million for the nine months ended September 30, 2020 and 2019, respectively. Decrease in machinery and equipment during the nine months ended September 30, 2020 related to the write off of fully depreciated assets no longer in use.