FIXED ASSETS (Tables)

9 Months Ended

Sep. 30, 2013

Fixed assets consisted of:

	September 30,			December 31,
Category (In thousands)	2013			2012			Estimated useful lives
Leasehold improvements	$	0		$	146		Shorter of life of asset or lease term
Office furniture		497			35		7 years
Laboratory equipment		902			593		5 years
Computer hardware and software		426			204		3 years
Capital lease equipment		68			27		Shorter of life of asset or lease term
Total at cost		1,893			1,005
Less: accumulated depreciation		(584	)		(589	)
Total fixed assets, net	$	1,309		$	416

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

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