Property and Equipment, Net

12 Months Ended

Dec. 31, 2019

Property Plant And Equipment [Abstract]

Property and Equipment, Net

Note 11—Property and Equipment, Net

The Company’s property and equipment, net consisted of the following (in thousands):

	Estimated Useful Life (in years)	December 31, 2019		December 31, 2018
Office equipment	3-7	$	1,097	$	918
Computer equipment	5		124		15
Software	3		87		50
Lab equipment	2-5		3,054		1,070
Leasehold improvements	6-7		2,229		1,243
Construction in process	N/A		48		194
Total property and equipment			6,639		3,490
Less: accumulated depreciation			1,214		297
Property and equipment, net		$	5,425	$	3,193

Depreciation expense for the years ended December 31, 2019 and December 31, 2018 was approximately $0.9 million and $0.3 million, respectively, and was recorded in general and administrative expense in the Consolidated Statements of Operations. No depreciation expense was recorded for the year ended December 31, 2017.