XML 19 R9.htm IDEA: XBRL DOCUMENT

FIXED ASSETS

3 Months Ended

Mar. 31, 2015

4. FIXED ASSETS

The following table presents the components of fixed assets and their estimated useful lives.

	March 31,			December 31,			Estimated
(In thousands)	2015			2014			useful lives
Assets under construction	$	4,047		$	2,393			-
Office furniture		2,198			2,198		7 years
Laboratory equipment		1,684			1,373		5 years
Computer hardware and software		895			815		3 years
Leasehold improvements		470			470		Lease term
Total at cost		9,294			7,249
Less: accumulated depreciation		(1,671	)		(1,369	)
Total Fixed Assets, Net	$	7,623		$	5,880

Depreciation expense for the three months ended March 31, 2015 and 2014 was approximately $302 thousand and $117 thousand, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details