Property and Equipment

12 Months Ended

Dec. 31, 2021

3. Property and Equipment

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

Schedule of Property and Equipment

	2021			2020
Lab equipment (excluding equipment under finance leases)	$	1,557		$	1,498
Finance lease right-of-use lab equipment obtained in exchange for finance lease liabilities, net		194			92
Computer and office equipment		131			120
Total property and equipment		1,882			1,710
Less accumulated depreciation		(1,429	)		(1,119	)
Property and equipment, net	$	453		$	591

Depreciation expense was $190,000 and $157,000 for the years ended December 31, 2021 and 2020, respectively.