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PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 3 - PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

 

   December 31,
2021
   December 31,
2020
 
Laboratory equipment  $9,081,000   $8,160,000 
Furniture and office equipment   1,896,000    1,818,000 
Leasehold improvements   8,603,000    8,602,000 
Construction work-in-progress   3,219,000    71,000 
    22,799,000    18,651,000 
Less: accumulated depreciation and amortization   10,460,000    7,329,000 
Property and equipment, net  $12,339,000   $11,322,000 

 

 Depreciation and amortization on property and equipment was $3.1 million and $3.2 million for 2021 and 2020, respectively.