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Property and Equipment
3 Months Ended
Mar. 31, 2017
Property Plant And Equipment [Abstract]  
Property and Equipment

3. Property and Equipment

At March 31, 2017 and December 31, 2016, the Company’s property and equipment consisted of the following:

 

 

 

Useful lives

 

March 31, 2017

 

 

December 31, 2016

 

Office equipment

 

5 years

 

$

357

 

 

$

407

 

Computer hardware and software

 

3 - 7 years

 

 

96

 

 

 

263

 

Laboratory equipment

 

5 years

 

 

499

 

 

 

446

 

Leasehold improvements

 

7 years

 

 

445

 

 

 

445

 

Total

 

 

 

 

1,397

 

 

 

1,561

 

Less: accumulated depreciation

 

 

 

 

(275

)

 

 

(431

)

Property and equipment, net

 

 

 

$

1,122

 

 

$

1,130

 

 

During the three months ended March 31, 2017, the Company recognized $61 of depreciation expense and wrote off $217 of fully depreciated net assets. During the three months ended March 31, 2016, the Company recognized $37 of depreciation expense.