Annual report pursuant to Section 13 and 15(d)

PROPERTY & EQUIPMENT (Tables)

v3.20.4
PROPERTY & EQUIPMENT (Tables)
 12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment
Property and equipment, net, as of December 31, 2020 and 2019 were as follows (in thousands):
December 31,
  Useful Lives 2020 2019
Office furniture and equipment
3 - 5 years
 $ 2,596  $ 1,285 
Tenant improvements * 1,967  1,925 
Laboratory and other equipment 5 years 691  691 
Construction in progress 15  1,269 
5,269  5,170 
Less: accumulated depreciation (2,392) (1,555)
$ 2,877  $ 3,615 
* Tenant improvements are amortized over the lesser of the remaining term of the related lease or the estimated useful life of the tenant improvements.