Property and Equipment

12 Months Ended

Dec. 31, 2020

Property and Equipment

Property and Equipment

9.           PROPERTY AND EQUIPMENT

Property and equipment consist of the following (in thousands):

	December 31,
	2020		2019
Laboratory equipment	$	7,268	$	7,243
Office equipment and furniture		1,133		870
Leasehold improvements		7,985		7,949
Property and equipment, gross		16,386		16,062
Less: accumulated depreciation		(14,450)		(12,626)
Total property and equipment, net	$	1,936	$	3,436

Depreciation expense totaled $1.8 million, $2.5 million, and $2.7 million for the years ended December 31, 2020, 2019 and 2018, respectively.