PROPERTY AND EQUIPMENT, NET

3 Months Ended

Mar. 31, 2021

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET

The following table reflects property and equipment as of March 31, 2021 and December 31, 2020 (in thousands): 

	March 31, 2021		December 31, 2020
Furniture and office equipment	$	2,680	$	2,680
Laboratory equipment	20		20
Leasehold improvements	10,522		10,523
	13,222		13,223
Less: Accumulated depreciation and amortization	(11,050)		(10,786)
Property and equipment, net	$	2,172	$	2,437

Depreciation expense was $0.3 million and $0.3 million for the three months ended March 31, 2021 and 2020, respectively and recognized in Selling, general and administrative expense in the Company’s Condensed Consolidated Statements of Comprehensive Income.