Property and Equipment

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]

Property and Equipment

Note 4 - Property and Equipment

The components of property and equipment as of December 31, 2018 and 2017, at cost are (dollars in thousands):

	Useful Life (Years)		December 31, 2018			December 31, 2017
Lab equipment		3	$	415		$	173
Office furniture and equipment		3		31			31
Leasehold improvement		7		379			374
Gross property and equipment				825			578
Less: Accumulated depreciation and amortization				(193	)		(77	)
Property and equipment, net			$	632		$	501

The Company’s depreciation expense for the years ended December 31, 2018 and 2017 was $116,000 and $65,000, respectively.