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Property and Equipment, Net
12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
The Company’s property and equipment, net consisted of the following (in thousands):
Estimated
Useful Life
(in years)
December 31,
2020
December 31,
2019
Office equipment
3-7
$1,153 $1,097 
Computer equipment5123 124 
Software3116 87 
Lab equipment
2-5
4,210 3,054 
Leasehold improvements
6-7
2,540 2,229 
Construction in processN/A15 48 
Total property and equipment8,157 6,639 
Less: accumulated depreciation2,623 1,214 
Property and equipment, net$5,534 $5,425 
Depreciation expense for the years ended December 31, 2020, 2019 and 2018 was approximately $1.4 million, $0.9 million and $0.3 million, respectively, and was recorded in general and administrative expense in the consolidated statements of operations.