Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.22.1
Property and Equipment
 12 Months Ended
Dec. 31, 2021
Property Plant And Equipment [Abstract]  
Property and Equipment

5. PROPERTY AND EQUIPMENT

Property and equipment consist of the following:

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

 

 

(in thousands)

 

Leasehold improvements

 

$

6,512

 

 

$

5,907

 

Machinery and equipment

 

 

922

 

 

 

15

 

Furniture and fixtures

 

 

983

 

 

 

714

 

Research and development equipment

 

 

4,712

 

 

 

2,794

 

Computer hardware and software

 

 

1,708

 

 

 

1,219

 

Construction in progress

 

 

382

 

 

 

437

 

Subtotal

 

 

15,219

 

 

 

11,086

 

Less: Accumulated depreciation

 

 

4,345

 

 

 

1,683

 

Property and equipment, net

 

$

10,874

 

 

$

9,403

 

 

Depreciation expense for the years ended December 31, 2021 and 2020 was approximately $2.7 million and $1.0 million, respectively.