Property and Equipment, net

9 Months Ended

Sep. 30, 2021

Property Plant And Equipment [Abstract]

4. Property and Equipment, net

Property and equipment consist of the following:


	As of
	September 30, 2021			December 31, 2020
Laboratory equipment	$	7,838		$	6,843
Office and computer equipment		1,590			1,590
Leasehold improvements		1,910			1,910
Construction in process		1,144			1,612
Property and equipment – at cost		12,482			11,955
Less accumulated depreciation and amortization		(5,143	)		(3,493	)
Property and equipment – net	$	7,339		$	8,462

Depreciation and amortization expense for the three months ended September 30, 2021 and 2020 was $594 and $503, respectively. Depreciation and amortization expense for the nine months ended September 30, 2021 and 2020 was $1,754 and $1,260, respectively. During the nine months ended September 30, 2021, the Company recorded a gross fixed asset disposal of $132 and related accumulated depreciation of $103. The Company received $38 in exchange for the sale of equipment, resulting in a net gain of $9. During the nine months ended September 30, 2020, the Company recorded gross fixed asset disposal of $1,036 and related accumulated depreciation of $870.

Kaleido Biosciences, Inc. 10-Q