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Right-of-use assets, machinery and equipment, net, and construction in progress
 3 Months Ended
Mar. 31, 2023
Property, Plant and Equipment [Abstract]  
Right-of-use assets, machinery and equipment, net, and construction in progress

9. Right-of-use assets, machinery and equipment, net, and construction in progress

 

As of March 31, 2023 and December 31, 2022, right-of-use assets, machinery and equipment, net, and construction in progress were as follows (in thousands):

 

   March 31, 2023
(unaudited)		   December 31, 2022 
         
Right-of-use assets (1)   3,499    3,499 
Machinery and equipment   9,372    9,408 
Accumulated depreciation and amortization   (4,772)   (4,196)
Right-of-use assets, machinery and equipment, net   8,099    8,711 
Construction in progress   746    2,140 
Right-of-use assets, machinery and equipment, net, and construction in progress from continuing operations   8,845    10,851 
Right-of-use assets, machinery and equipment, net, and construction in progress from discontinuing operations   -    211 
Right-of-use assets, machinery and equipment, net, and construction in progress   8,845    11,062 

 

(1) Oncocyte recorded certain right-of-use assets and liabilities for operating leases in accordance with ASC 842 (see Note 10).

 

Depreciation expense amounted to $450,000 and $287,000 for the three months ended March 31, 2023 and 2022, respectively.