Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

Property and Equipment

6 Months Ended

Jun. 30, 2021

Property, Plant and Equipment [Abstract]

3. Property and Equipment

Property and equipment are recorded at cost and depreciated over the estimated useful lives of the underlying assets (three to five years) using the straight-line method. As of June 30, 2021, and December 31, 2020, property and equipment consists of (in thousands):

Schedule of Property and Equipment

	June 30, 2021		December 31, 2020
Lab equipment	$	1,532	$	1,498
Finance lease right-of-use lab equipment, net		80		92
Computer and office equipment		126		120
Total property and equipment		1,738		1,710
Less: accumulated depreciation and amortization		1,199		1,119
Property and equipment, net	$	539	$	591

Total depreciation and amortization expense was $47,000 and $92,000 for the three and six months ended June 30, 2021, which includes amortization expense of $5,979 and $11,958 related to finance lease right-of-use lab equipment, respectively. For additional finance leases information, refer to Note 9 – Commitments and Contingencies.