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Property and Equipment, Net
3 Months Ended
Mar. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
The Company has property and equipment as follows (in thousands):
March 31, 2023December 31, 2022
Furniture and Equipment$180 $224 
Computer Equipment213 315 
Leasehold Improvements2,258 2,273 
Software163 263 
Production Equipment— 23 
Property and Equipment, Gross2,814 3,098 
Less Accumulated Depreciation(471)(530)
Foreign Currency Translation Adjustment(168)(168)
Property and Equipment, Net$2,175 $2,400 
During the three months ended March 31, 2023 and 2022, the Company recorded depreciation expense of $121,607 and $37,051, respectively.
During the three months ended March 31, 2023, due to changes in the Company's estimated undiscounted future cash flows, a reassessment of its long-lived assets was performed. As a result, the carrying value of one of the Company's asset groups property and equipment assets were written down to zero and an Impairment of Property and Equipment of $119,727 was recorded within Operating Expenses in the condensed consolidated statement of operations.