Pieris Pharmaceuticals, Inc. Quarterly report pursuant to Section 13 or 15(d)

Property and equipment, net (Tables)

3 Months Ended

Mar. 31, 2022

The estimated useful life of the different groups of property and equipment is as follows:


Asset Classification						Estimated useful life (in years)
Leasehold improvements						shorter of useful life or remaining life of the lease
Laboratory furniture and equipment						8 - 14
Office furniture and equipment						5 - 13
Computer and equipment						3 - 7

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


	March 31,		December 31,
	2022		2021
Laboratory furniture and equipment	$	11,825	$	11,354
Office furniture and equipment	1,924		1,959
Computer equipment	389		396
Leasehold improvements	12,888		13,130
Property and equipment, cost	27,026		26,839
Accumulated depreciation	(8,177)		(7,717)
Property and equipment, net	$	18,849	$	19,122