Annual report pursuant to Section 13 and 15(d)

PROPERTY & EQUIPMENT (Tables)

v3.22.1
PROPERTY & EQUIPMENT (Tables)
 12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment
Property and equipment, net, as of December 31, 2021 and 2020 were as follows (in thousands):
December 31,
  Useful Lives 2021 2020
Office furniture and equipment
3 - 5 years
 $ 2,592  $ 2,596 
Tenant improvements * 1,967  1,967 
Laboratory and other equipment 5 years 691  691 
Construction in progress —  15 
5,250  5,269 
Less: accumulated depreciation (3,533) (2,392)
$ 1,717  $ 2,877 
* Tenant improvements are amortized over the lesser of the remaining term of the related lease or the estimated useful life of the tenant improvements.