v3.21.2
Property and Equipment
 9 Months Ended
Sep. 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 September 30, 2021, and December 31, 2020, property and equipment consists of (in thousands):

 

   September 30, 2021   December 31, 2020 
Lab equipment  $1,532   $1,498 
Finance lease right-of-use lab equipment   211    211 
Computer and office equipment   131    120 
Total property and equipment   1,874    1,829 
Less: accumulated depreciation and amortization   (1,381)   1,238 
Property and equipment, net  $493   $591 

 

Total depreciation and amortization expense was $47,000 and $142,000 for the three and nine months ended September 30, 2021, which includes amortization expense of $6,000 and $18,000 related to finance lease right-of-use lab equipment, respectively. For additional finance leases information, refer to Note 9 – Commitments and Contingencies.