Property and equipment, net

3 Months Ended

Mar. 31, 2023

Property and equipment, net

Property and equipment, net

4. Property and equipment, net

Property and equipment, net consisted of the following (in thousands):

	March 31,		December 31,
	2023		2022
Laboratory equipment	$	15,161	$	14,872
Leasehold improvements		10,621		10,736
Computer equipment and software		406		441
Furniture and office equipment		833		924
		27,021		26,973
Less: Accumulated depreciation and amortization		(8,760)		(7,863)
	$	18,261	$	19,110

Property and equipment not yet placed in service as of March 31, 2023 was immaterial. As of December 31, 2022, approximately $2.3 million of laboratory equipment was not yet placed in service. Depreciation expense was $1.6 million and $0.4 million for the three months ended March 31, 2023 and 2022, respectively.