Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net

v3.21.1
Property and Equipment, Net
 12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment are summarized as follows (in thousands):
  Years Ended December 31,
  2020 2019
Laboratory equipment
 $ 11,188  $ 11,635 
Office furniture and equipment 2,120  479 
Computer equipment 394  245 
Leasehold improvements
 14,159  10,710 
Property and equipment at cost
 27,861  23,069 
Accumulated depreciation
 (5,815) (3,567)
Property and equipment, net
 $ 22,046  $ 19,502 
Depreciation expense was $2.1 million and $0.6 million for the years ended December 31, 2020 and 2019, respectively. There were no other changes in accumulated depreciation other than the foreign currency impact.