Property and equipment, net

9 Months Ended

Sep. 30, 2023

Property and equipment, net

Property and equipment, net

4. Property and equipment, net

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

	September 30,		December 31,
	2023		2022
Laboratory equipment	$	15,087	$	14,872
Leasehold improvements		10,547		10,736
Computer equipment and software		537		441
Furniture and office equipment		823		924
		26,994		26,973
Less: Accumulated depreciation and amortization		(11,395)		(7,863)
	$	15,599	$	19,110

As of September 30, 2023, property and equipment not yet placed in service was immaterial. As of December 31, 2022, approximately $2.3 million of laboratory equipment was not yet placed in service. Depreciation expense was $1.7 million and $4.9 million for the three and nine months ended September 30, 2023, respectively, and $1.3 million and $2.2 million for the three and nine months ended September 30, 2022, respectively.