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 consist of the following:

 

    December 31,
2021		     December 31,
2020		  
Laboratory equipment   $ 9,081,000     $ 8,160,000  
Furniture and office equipment     1,896,000       1,818,000  
Leasehold improvements     8,603,000       8,602,000  
Construction work-in-progress     3,219,000       71,000  
      22,799,000       18,651,000  
Less: accumulated depreciation and amortization     10,460,000       7,329,000  
Property and equipment, net   $ 12,339,000     $ 11,322,000  

 

 Depreciation and amortization on property and equipment was $3.1 million and $3.2 million for 2021 and 2020, respectively.