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

Property and Equipment, Net

3 Months Ended

Mar. 31, 2022

6. Property and Equipment, Net

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


	Useful Life	March 31,		December 31,
	(Years)	2022		2021
Machinery and equipment	3 - 10	$	940	$	940
Office furniture and equipment	3 - 10		50		50
Leasehold improvements	6		228		228
Construction in progress	N/A		—		—
			1,218		1,218
Less: accumulated depreciation and amortization			(520)		(495)
Property and equipment, net		$	698	$	723

Depreciation expense for the three months ended March 31, 2022 and 2021 was $25 thousand and $24 thousand, respectively.