Annual report pursuant to Section 13 and 15(d)

Property & Equipment, Net

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

Note 6 – Property & Equipment, Net

 

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

 

    December 31,     December 31,  
    2022     2021  
             
Equipment   $ 1,457     $ 1,013  
Computers     52       37  
Leasehold improvements     362       28  
Total     1,871       1,078  
Less accumulated depreciation and amortization     (462 )     (183 )
Property and equipment, net   $ 1,409     $ 895  

 

During the year ended December 31, 2022, depreciation expense was approximately $0.3 million, and the Company recognized a $0.05 million loss on disposal of equipment. For the nine months ended December 31, 2021, depreciation expense was approximately $0.1 million.