Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Tables)

v3.22.2.2
Property and Equipment (Tables)
9 Months Ended
Sep. 30, 2022
Property, Plant and Equipment [Abstract]  
Schedule of 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 September 30, 2022, and December 31, 2021, property and equipment consists of (in thousands):

 

    September 30, 2022     December 31, 2021  
Lab equipment   $ 1,618     $ 1,557  
Finance lease right-of-use lab equipment     194       194  
Computer and office equipment     131       131  
Total property and equipment     1,943       1,882  
Less: accumulated depreciation and amortization     (1,565 )     (1,429 )
Property and equipment, net   $ 378     $ 453