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

Property and Equipment, Net

9 Months Ended

Sep. 30, 2021

7. Property and Equipment, Net

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


	Useful Life	September 30,		December 31,
	(Years)	2021		2020
Machinery and equipment	3 - 10	$	940	$	2,894
Office furniture and equipment	3 - 10		50		49
Leasehold improvements	6		228		228
Construction in progress	N/A		—		461
			1,218		3,632
Less: accumulated depreciation and amortization			(471)		(3,079)
Property and equipment, net		$	747	$	553

Depreciation and amortization expense for the nine months ended September 30, 2021 and 2020 was $75 thousand and $31 thousand, respectively.