Pieris Pharmaceuticals, Inc. Annual report pursuant to Section 13 and 15(d)

Property and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 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):


	Years Ended December 31,
	2020		2019
Laboratory equipment	$	11,188	$	11,635
Office furniture and equipment	2,120		479
Computer equipment	394		245
Leasehold improvements	14,159		10,710
Property and equipment at cost	27,861		23,069
Accumulated depreciation	(5,815)		(3,567)
Property and equipment, net	$	22,046	$	19,502