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PROPERTY AND EQUIPMENT | 6 Months Ended
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Jun. 30, 2021
PROPERTY AND EQUIPMENT |
PROPERTY AND EQUIPMENT | NOTE 7: PROPERTY AND EQUIPMENT Property and equipment consist of the following as of June 30, 2021 and December 31, 2020, respectively: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | June 30, | ​ | December 31,
​ |  | Estimated Useful Lives |  | 2021 |  | 2020
Lab and manufacturing equipment | ​ | 5 Years | ​ | $ | 6,840,000 | ​ | $ | 2,360,000
Computers, equipment and software |  | 3-5 Years | ​ | ​ | 909,000 | ​ | ​ | 835,000
Office furniture |  | 5 Years | ​ |  | 820,000 | ​ |  | 678,000
Leasehold improvements | ​ | Lesser of lease term or estimated useful life | ​ | ​ | 3,163,000 | ​ | ​ | 289,000
Total |  |  | ​ | ​ | 11,732,000 | ​ | ​ | 4,162,000
Less: accumulated depreciation |  |  | ​ |  | (1,624,000) | ​ |  | (591,000)
Construction in progress | ​ | ​ | ​ | ​ | — | ​ | ​ | 6,789,000
Total fixed assets, net |  |  | ​ | $ | 10,108,000 | ​ | $ | 10,360,000
​ In June 2020, the Company entered into a lease for a manufacturing facility in Houston, Texas. In connection with the manufacturing facility, the Company has incurred costs pursuant to an agreement with a vendor to design, engineer, build and eventually install modular cleanrooms in a manufacturing facility. $6.8 million was recorded in fixed assets - construction in progress on the balance sheet as of December 31, 2020. The completion of the facility’s construction occurred during December 2020 and the Company received its certificate of occupancy in January 2021, and as such was placed into service in January 2021. During January 2021, $4.0 million of the costs previously recorded as construction in progress were recorded to lab and manufacturing equipment and $2.8 million were recorded to leasehold improvements. Depreciation expense for the three months ended June 30, 2021 and 2020 was approximately $0.5 million and $0.1 million, respectively. Depreciation expense for the six months ended June 30, 2021 and 2020 was approximately $1.0 million and $0.1 million, respectively.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916 + Details
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