Pieris Pharmaceuticals, Inc. Quarterly report pursuant to Section 13 or 15(d)

Property and equipment, net (Tables)

9 Months Ended

Sep. 30, 2020

The estimated useful life of the different groups of property and equipment is as follows:


Asset Classification						Estimated useful life (in years)
Leasehold improvements						shorter of useful life or remaining life of the lease
Laboratory furniture and equipment						8-14
Office furniture and equipment						5-13
Computer and equipment						3-7

Property and equipment are summarized as follows (in thousands):


	September 30,		December 31,
	2020		2019
Laboratory furniture and equipment	$	10,447	$	11,635
Office furniture and equipment	2,019		479
Computer equipment	373		245
Leasehold improvements	13,448		10,710
Property and equipment, cost	26,287		23,069
Accumulated depreciation	(4,892)		(3,567)
Property and equipment, net	$	21,395	$	19,502