PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2015

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

3. PROPERTY AND EQUIPMENT

        Property and equipment, net consisted of the following:

	2015			2014
Computer software and hardware	$	562		$	562
Research and lab equipment		1,874			1,873
Leasehold improvements		392			390
Office Equipment		792			790
Less accumulated depreciation and amortization		(2,682	)		(2,010	)
Property and equipment, net	$	938		$	1,605

        Depreciation and amortization expense for the years ended December 31, 2015, 2014, and 2013 was $672, $735 and $723, respectively. Maintenance and repairs are charged to expense as incurred, while any additions or improvements are capitalized. During 2015, the Company had no disposals.