Balance Sheet Details

3 Months Ended

Mar. 31, 2023

Balance Sheet Details

Balance Sheet Details

5. Balance Sheet Details

Property and Equipment

Property and equipment as of March 31, 2023 and December 31, 2022 consisted of the following:

	March 31, 2023		December 31, 2022
Laboratory equipment	$	12,057,000	$	10,007,000
Furniture and fixtures		817,000		817,000
Office and computer equipment		449,000		449,000
Leasehold improvements		3,447,000		3,447,000
Total		16,770,000		14,720,000
Less: accumulated depreciation		(11,333,000)		(11,103,000)
Property and equipment, net	$	5,437,000	$	3,617,000

Depreciation expense totaled $0.2 million for each of the three months ended March 31, 2023 and 2022, respectively.