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Property and Equipment, Net
 3 Months Ended
Mar. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
The following table presents the components of the Company’s property and equipment, net ($ in thousands):
March 31, 2023December 31, 2022
Office equipment998 977 
Electronic equipment8,315 7,416 
Vehicle205 202 
Laboratory equipment19,491 18,726 
Manufacturing equipment16,763 17,055 
Leasehold improvements11,470 11,300 
Construction in progress25,546 24,251 
82,788 79,927 
Less: accumulated depreciation(24,479)(22,064)
Property and equipment, net58,309 57,863 
Depreciation expense was $2.5 million and $1.9 million for the first quarter of 2023 and 2022, respectively.