NEXGEL, Inc. Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

6 Months Ended

Jun. 30, 2021

7. Property and Equipment, Net

Property and equipment consist of the following ($ in thousands):


	Useful Life	June 30,		December 31,
	(Years)	2021		2020
Machinery and equipment	3 - 10	$	940	$	2,894
Office furniture and equipment	3 - 10		49		49
Leasehold improvements	6		228		228
Construction in progress	N/A		—		461
			1,217		3,632
Less: accumulated depreciation and amortization			(446)		(3,079)
Property and equipment, net		$	771	$	553

Depreciation and amortization expense for the six months ended June 30, 2021 and 2020 was $49 thousand and $21 thousand, respectively.