Property and Equipment

3 Months Ended

Mar. 31, 2015

(4) Property and Equipment

Property and equipment as of March 31, 2015 and December 31, 2014 consisted of the following (in thousands):

	March 31, 2015			December 31, 2014

Laboratory equipment	$	12,217		$	12,217
Leasehold improvements	4,988			4,988
Computers and software	3,126			3,126
Furniture and fixtures	1,176			1,176
	21,507			21,507
Less accumulated depreciation and amortization	(20,652		)	(20,483		)
	$	855		$	1,024

Depreciation and amortization expenses of property and equipment, including equipment purchased under capital leases, were approximately $0.2 million in each of the three months ended March 31, 2015 and 2014.

- 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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