Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.21.1
Property and Equipment
 12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 3 - Property and Equipment


Property and equipment consisted of the following at December 31, 2020 and 2019:


        December 31,     December 31,  
(in thousands)   Lives   2020     2019  
Lab equipment   5 years   $ 378     $ 148  
Office equipment & furniture   3 - 7 years     225       202  
Less: accumulated depreciation         (291 )     (237 )
Property and equipment, net       $ 312     $ 113  

Depreciation expense consisted of the following for the years ended December 31, 2020 and 2019, respectively:


    December 31,     December 31,  
(in thousands)   2020     2019  
Research & development   $ 36     $ 32  
General administrative     18       22  
Total Depreciation expense   $ 54     $ 54