Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.22.1
Property and Equipment
 12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
Property and Equipment

 Note 3 - Property and Equipment

 

Property and equipment consisted of the following at December 31, 2021 and 2020:

 

          December 31,     December 31,  
(in thousands)   Lives     2021     2020  
Lab equipment     5 years     $ 476     $ 378  
Office equipment and furniture     3 - 7 years       199       225  
Less: accumulated depreciation             (335 )     (291 )
Property and equipment, net           $ 340     $ 312  

 

Depreciation expense consisted of the following for the years ended December 31, 2021 and 2020, respectively:

 

    December 31,     December 31,  
(in thousands)   2021     2020  
Research and development   $ 88     $ 36  
General administrative     17       18  
Total Depreciation expense   $ 105     $ 54