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Property and Equipment, Net
 9 Months Ended
Sep. 30, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

6. Property and Equipment, net

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

 

 

 

As of September 30, 2023

 

 

As of December 31, 2022

 

Property and equipment:

 

 

 

 

 

 

Lab equipment

 

$

2,980

 

 

$

2,858

 

Leasehold improvements

 

 

1,219

 

 

 

1,216

 

Electronic equipment and software

 

 

481

 

 

 

481

 

Furniture and fixtures

 

 

475

 

 

 

475

 

Total property and equipment

 

 

5,155

 

 

 

5,030

 

Less: accumulated depreciation

 

 

(2,522

)

 

 

(1,825

)

Property and equipment, net

 

$

2,633

 

 

$

3,205

 

 

Depreciation expense for the three months ended September 30, 2023 and 2022 was $0.2 million and $0.2 million, respectively. Depreciation expense for the nine months ended September 30, 2023 and 2022 was $0.7 million and $0.7 million, respectively. There were no impairments for the nine months ended September 30, 2023 and 2022.