Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.23.1
Property and Equipment
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 3 - Property and Equipment

 

Property and equipment consisted of the following at December 31, 2022 and 2021:

 

          December 31,     December 31,  
(in thousands)   Lives     2022     2021  
Lab equipment     5 years     $ 776     $ 476  
Office equipment and furniture     3 - 7 years       315       199  
Less: accumulated depreciation             (487 )     (335 )
Property and equipment, net           $ 604     $ 340  

 

Depreciation expense consisted of the following for the years ended December 31, 2022 and 2021, respectively:

 

    December 31,     December 31,  
(in thousands)   2022     2021  
Research and development   $ 141     $ 88  
General administrative     11       17  
Total Depreciation expense   $ 152     $ 105