Property and Equipment

12 Months Ended

Dec. 31, 2020

3. Property and Equipment

Property and equipment as of December 31, consists of the following (table in thousands):

	2020		2019
Lab equipment (excluding equipment under finance leases)	$	1,498	$	1,073
Finance lease right-of-use lab equipment obtained in exchange for finance lease liabilities, net		92		347
Computer and office equipment		120		92
Total property and equipment		1,710		1,512
Less accumulated depreciation		1,119		(1,081	)
Property and equipment, net	$	591	$	431

Depreciation expense was $157,000 and $98,000 for the years ended December 31, 2020 and 2019, respectively.