Quarterly report pursuant to Section 13 or 15(d)

Property, Plant and Equipment, net

v3.21.2
Property, Plant and Equipment, net
9 Months Ended
Sep. 30, 2021
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, net Property and Equipment, net
Property and equipment as of September 30, 2021 and December 31, 2020 are as follows:
(in thousands) September 30, 2021 December 31, 2020
Construction in progress $ 360  $ 4,467 
Leasehold improvements 2,978  34 
Office equipment and furniture 1,621  83 
Computer equipment 265  381 
5,224 4,965
Less accumulated depreciation (673) (179)
Property and equipment, net $ 4,551  $ 4,786 
Depreciation expense for the three month period ended September 30, 2021 and September 30, 2020 was $0.2 million and $nil, respectively, and for the nine months ended September 30, 2021 and 2020 was $0.5 million and $0.1 million. which is included in SG&A expenses in the condensed consolidated statements of operations.