Quarterly report pursuant to Section 13 or 15(d)

Property & Equipment, Net

v3.22.2.2
Property & Equipment, Net
9 Months Ended
Sep. 30, 2022
Property, Plant and Equipment [Abstract]  
Property & Equipment, Net

Note 4 - Property & Equipment, Net

 

Property and equipment, net, consists of the following (in thousands):

 

    September 30,     December 31,  
    2022     2021  
    (Unaudited)        
Equipment   $ 1506     $ 1,013  
Computers     52       37  
Leasehold improvements     284       28  
Total     1,842       1,078  
Less accumulated depreciation and amortization     (426 )     (183 )
Property and equipment, net   $ 1,416     $ 895  

 

Depreciation expense for the three months ended September 30, 2022 and 2021 was $69,000 and $21,000, respectively. Depreciation expense for the nine months ended September 30, 2022 and 2021 was $191,000 and $56,000, respectively.