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Property and Equipment
12 Months Ended
Dec. 31, 2016
Property Plant And Equipment [Abstract]  
Property and Equipment

3. Property and Equipment

At December 31, 2016 and 2015, the Company’s property and equipment consisted of the following:

 

 

 

December 31,

 

 

 

2016

 

 

2015

 

 

 

(in thousands)

 

Office equipment

 

$

407

 

 

$

334

 

Computer hardware and software

 

 

263

 

 

 

252

 

Laboratory equipment

 

 

446

 

 

 

43

 

Leasehold improvements

 

 

445

 

 

 

445

 

Total

 

$

1,561

 

 

$

1,074

 

Less: accumulated depreciation

 

 

(431

)

 

 

(262

)

Property and equipment, net

 

$

1,130

 

 

$

812

 

 

During the years ended December 31, 2016 and 2015, the Company recognized $169 and $45  of depreciation expense, respectively.