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Property and Equipment, Net
12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

6. PROPERTY AND EQUIPMENT, NET

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

 

 

 

As of December 31,

 

 

 

2022

 

 

2021

 

Property and equipment:

 

 

 

 

 

 

Lab equipment

 

$

2,858

 

 

$

1,776

 

Leasehold improvements

 

 

1,216

 

 

 

923

 

Electronic equipment and software

 

 

481

 

 

 

430

 

Furniture and fixtures

 

 

475

 

 

 

384

 

Total property and equipment

 

 

5,030

 

 

 

3,513

 

Less: accumulated depreciation

 

 

(1,825

)

 

 

(1,074

)

Property and equipment, net

 

$

3,205

 

 

$

2,439

 

 

Depreciation expense for the years ended December 31, 2022 and 2021 was $0.9 million and $0.5 million, respectively. There were no impairments for the years ended December 31, 2022 and 2021.