Annual report pursuant to Section 13 and 15(d)

Note 6 - Property and Equipment, Net

v3.23.1
Note 6 - Property and Equipment, Net
12 Months Ended
Dec. 31, 2022
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

6.

Property and Equipment, Net

 

Property and equipment are summarized as follows (in thousands):

 

   

Years Ended December 31,

 
    2022    

2021

 

Laboratory furniture and equipment

  $ 11,970     $ 11,354  

Office furniture and equipment

    1,861       1,959  

Computer equipment

    364       396  

Leasehold improvements

    12,444       13,130  

Property and equipment, cost

    26,639       26,839  

Accumulated depreciation

    (9,647 )     (7,717 )

Property and equipment, net

  $ 16,992     $ 19,122  

 

Depreciation expense was $2.3 million and $2.4 million for the years ended December 31, 2022 and 2021, respectively. There were no other changes in accumulated depreciation other than the foreign currency impact.