Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

v3.22.1
Property and Equipment, Net
3 Months Ended
Mar. 31, 2022
Property and Equipment, Net  
Property and Equipment, Net

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.