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Property and Equipment, Net (Tables)
12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
Sumary of Property and Equipment Net
Property and equipment are stated at cost less accumulated depreciation and amortization. Depreciation and amortization expense is recognized using the straight-line method over the estimated useful life of each asset as follows:
Estimated Useful Life
Laboratory equipment5 years
Furniture and fixtures5 years
Computer equipment and software3 years
Leasehold improvementsShorter of useful life or remaining term of lease
Property and equipment, net consisted of the following (in thousands):
December 31,
20212020
Laboratory equipment$4,889 $3,740 
Furniture and fixtures815 815 
Computer equipment and software100 100 
Leasehold improvements17,059 16,961 
Assets not yet placed in service30 15 
22,893 21,631 
Less: Accumulated depreciation and amortization(5,330)(2,103)
$17,563 $19,528