Property and Equipment, Net

6 Months Ended

Jun. 30, 2023

Property, Plant and Equipment [Abstract]

6. PROPERTY AND EQUIPMENT, NET

Property and equipment, net consists of the following:


	As of
	June 30, 2023			December 31, 2022
	(in thousands)
Laboratory equipment	$	6,149		$	6,025
Computers and purchased software		644			644
Furniture and fixtures		645			645
Property and equipment, at cost		7,438			7,314
Less: accumulated depreciation and amortization		(6,593	)		(6,236	)
Property and equipment, net	$	845		$	1,078

Depreciation expense for the three and six months ended June 30, 2023 was approximately $0.2 million and $0.4 million, respectively, compared to $0.3 million and $0.7 million, respectively for the three and six months ended June 30, 2022. The Company had less than $0.1 million of disposals of property and equipment during the three and six months ended June 30, 2023. The Company had no disposals of property and equipment during the three and six months ended June 30, 2022.