Property and Equipment

9 Months Ended

Sep. 30, 2020

Property Plant And Equipment [Abstract]

6. Property and Equipment

Property and equipment consist of the following as of September 30, 2020 and December 31, 2019 (in thousands):

	September 30, 2020			December 31, 2019
Lab and office equipment under and financing right-of-use asset	$	2,771		$	2,751
Lab equipment		1,478			919
Computer equipment		89			71
Furniture & fixtures		861			104
Leasehold improvements		6,820			545
Assets not yet in service		617			453
Total property and equipment		12,636			4,843
Less accumulated depreciation		(1,652	)		(1,049	)
Property and equipment, net	$	10,984		$	3,794

Depreciation expense for the three-months ended September 30, 2020 and 2019 was $0.5 million and $0.2 million, respectively. Depreciation expense for the nine months ended September 30, 2020 and 2019 was $1.3 million and $0.5 million, respectively.

Included in property and equipment is lab and office equipment right-of-use assets under financing leases with a cost basis as of September 30, 2020 and December 31, 2019 of $2.8 million and accumulated amortization expense of $1.0 million and $0.5 million, respectively.

Amortization expense related to right-of-use assets during the three months ended September 30, 2020 and 2019 was $0.2 million and $0.1 million, respectively. Amortization expense related to right-of-use assets during the nine months ended September 30, 2020 and 2019 was $0.5 million and $0.2 million, respectively, and is included in depreciation expense.