Property and Equipment

6 Months Ended

Jun. 30, 2014

(4) Property and Equipment

Property and equipment consist of the following:

	June 30, 2014			December 31, 2013
	(in thousands)
Laboratory equipment	$	12,667		$	12,681
Leasehold improvements	4,958			4,958
Computers and software	3,083			3,220
Furniture and fixtures	1,170			1,170
	21,878			22,029
Less accumulated depreciation and amortization	(20,614		)	(20,476		)
	$	1,264		$	1,553

Depreciation and amortization expenses of property and equipment, including equipment purchased under capital leases, were approximately $0.1 million in each of the three months ended June 30, 2014 and 2013, and $0.3 million and $0.2 million in the six months ended June 30, 2014 and 2013, 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.

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