v3.21.2
Property and Equipment
 6 Months Ended
Jun. 30, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment

3. Property and Equipment

 

Property and equipment are recorded at cost and depreciated over the estimated useful lives of the underlying assets (three to five years) using the straight-line method. As of June 30, 2021, and December 31, 2020, property and equipment consists of (in thousands):

 

   June 30, 2021   December 31, 2020 
Lab equipment   $1,532   $1,498 
Finance lease right-of-use lab equipment, net   80    92 
Computer and office equipment   126    120 
Total property and equipment   1,738    1,710 
Less: accumulated depreciation and amortization   1,199    1,119 
Property and equipment, net  $539   $591 

 

Total depreciation and amortization expense was $47,000 and $92,000 for the three and six months ended June 30, 2021, which includes amortization expense of $5,979 and $11,958 related to finance lease right-of-use lab equipment, respectively. For additional finance leases information, refer to Note 9 – Commitments and Contingencies.