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Property and Equipment, net
12 Months Ended
Dec. 31, 2020
Property and Equipment, net  
Property and Equipment, net

5. Property and Equipment, Net

Property and equipment, net consisted of the following (in thousands):

    

As of

 

December 31, 

December 31, 

 

    

2020

    

2019

 

Laboratory equipment

$

18,433

$

14,571

Leasehold improvements

4,967

1,042

Computer equipment

 

858

 

858

Construction-in-progress

500

1,336

Furniture and office equipment

239

166

Software

 

118

 

118

Total property and equipment

 

25,115

 

18,091

Less: accumulated depreciation

 

(11,095)

 

(7,204)

Property and equipment, net

$

14,020

$

10,887

The Company recorded $4.0 million, $2.8 million, and $3.3 million in depreciation expense during the years ended December 31, 2020, 2019 and 2018, respectively.