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Property and Equipment, Net
 9 Months Ended
Sep. 30, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

5. Property and Equipment, Net

 

Property and equipment, net consisted of the following as of September 30, 2021 and December 31, 2020:

 

   September 30,   December 31, 
(in thousands)  2021   2020 
Laboratory equipment  $3,183   $3,077 
Furniture and fixtures   147    147 
Leasehold improvements   3,927    3,889 
Construction in progress   1,061    490 
    8,318    7,603 
Less accumulated depreciation   (4,072)   (3,378)
Total property and equipment, net  $4,246   $4,225 

 

Depreciation expense related to property and equipment, net for the three and nine months ended September 30, 2021 was approximately $0.2 million and $0.7 million, respectively. Depreciation expense is reported in research and development expense and in general and administrative expense for $0.6 million and $0.1 million, respectively, for the nine months ended September 30, 2021; and in research and development expense and in general and administrative expense for $0.2 million and $29 thousand, respectively, for the three months ended September 30, 2021, in the condensed consolidated statements of operations and comprehensive income (loss).

 

Depreciation expense related to property and equipment, net for the three and nine months ended September 30, 2020 was approximately $0.2 million and $0.7 million, respectively. Depreciation expense is reported in research and development expense and in general and administrative expense for $0.6 million and $47 thousand, respectively, for the nine months ended September 30, 2020; and in research and development expense and in general and administrative expense for $0.2 million and $34 thousand, respectively, for the three months ended September 30, 2020, in the condensed consolidated statements of operations and comprehensive income (loss).