Property and Equipment

12 Months Ended

Dec. 31, 2023

4. Property and Equipment

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

Schedule of Property and Equipment

	2023			2022
Lab equipment (excluding equipment under finance leases)	$	1,757		$	1,631
Finance lease right-of-use lab equipment obtained in exchange for finance lease liabilities, net		162			194
Computer and office equipment		155			131
Total property and equipment		2,074			1,956
Less accumulated depreciation		(1,803	)		(1,614	)
Property and equipment, net	$	271		$	342

Depreciation expense was $189,000 and $185,000 for the years ended December 31, 2023 and 2022, respectively.