Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.22.1
Property and Equipment
3 Months Ended
Mar. 31, 2022
Property Plant And Equipment [Abstract]  
Property and Equipment

5.

Property and Equipment

Property and equipment consisted of the following as of each period end:

 

 

 

March 31,

 

 

December 31,

 

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Leasehold improvements

 

$

1,355

 

 

$

50,142

 

Lab equipment

 

 

14,340

 

 

 

14,060

 

Machinery and equipment

 

 

604

 

 

 

5,228

 

Computer equipment and software

 

 

1,173

 

 

 

4,245

 

Furniture and fixtures

 

 

1,226

 

 

 

2,518

 

Construction in progress

 

 

662

 

 

 

6,325

 

Property and equipment, gross

 

 

19,360

 

 

 

82,518

 

Less: accumulated depreciation and amortization

 

 

(10,251

)

 

 

(28,738

)

Property and equipment, net

 

$

9,109

 

 

$

53,780

 

 

 

Property and equipment in the table above as of March 31, 2022 exclude amounts classified as held for sale. See Note 7 for additional information. Depreciation and amortization expense was $1.6 million and $2.2 million for the three months ended March 31, 2022 and 2021, respectively.