Property and equipment, net

12 Months Ended

Dec. 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):

	December 31,		December 31,
	2023		2022
Laboratory equipment	$	15,554	$	14,872
Leasehold improvements		11,000		10,736
Computer equipment and software		532		441
Furniture and office equipment		822		924
		27,908		26,973
Less: Accumulated depreciation and amortization		(13,393)		(7,863)
	$	14,515	$	19,110

As of December 31, 2023, there was no property and equipment that was not yet placed in service. As of December 31, 2022, approximately $2.3 million of laboratory equipment was not yet placed in service. Depreciation expense was $6.5 million, $3.7 million and $1.4 million for the years ended December 31, 2023, 2022 and 2021, respectively.