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Property and Equipment, Net
12 Months Ended
Dec. 31, 2023
Property and Equipment, Net  
Property and Equipment, Net

5. Property and Equipment, Net

Property and equipment consist of the following:

December 31, 

December 31, 

(in thousands)

    

2023

    

2022

Research equipment

$

18,634

$

17,244

Leasehold improvements

 

9,309

 

9,336

Computer equipment

 

908

 

908

Furniture and fixtures

 

186

 

186

Construction in progress

 

225

 

853

Property and equipment, gross

 

29,262

 

28,527

Less: accumulated depreciation and amortization

 

(20,229)

 

(16,630)

Property and equipment, net

$

9,033

$

11,897

Construction in progress at December 31, 2023 and 2022 consists of the costs incurred for research equipment and for the build-out of additional lab and office space.

Depreciation and amortization expense was $3.7 million and $4.1 million for the years ended December 31, 2023 and 2022, respectively.