Property and Equipment, net

9 Months Ended

Sep. 30, 2023

Property, Plant and Equipment [Abstract]

Property and Equipment, net

Property and Equipment, net

As of September 30, 2023 and December 31, 2022, the Company’s property and equipment consisted of the following (table in thousands):

	September 30, 2023		December 31, 2022
Leasehold Improvements	$	1,423	$	1,256
Machinery and Equipment	11,085		5,922
Information Technology & Office Equipment	1,845		1,845
Laboratory Equipment	807		807
Total Property and Equipment	15,160		9,830
Accumulated Depreciation and Amortization	(8,389)		(7,636)
Property and Equipment, net	$	6,771	$	2,194

Depreciation and amortization expense for the three months ended September 30, 2023 and 2022 was $0.4 million and $0.1 million, respectively. Depreciation and amortization expense for the nine months ended September 30, 2023 and 2022 was $0.8 million and $0.4 million, respectively.