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FIXED ASSETS
9 Months Ended
Sep. 30, 2020
FIXED ASSETS  
FIXED ASSETS

6.        FIXED ASSETS

 

          Property, equipment, and leasehold improvements, net consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

September 30, 

 

December 31, 

 

(In thousands)

    

2020

    

2019

 

Computer software and hardware

 

$

28

 

$

131

 

Research and lab equipment

 

 

520

 

 

520

 

Leasehold improvements

 

 

66

 

 

66

 

Property and equipment

 

 

614

 

 

717

 

Less accumulated depreciation

 

 

(531)

 

 

(644)

 

Property and equipment, net

 

$

83

 

$

73

 

 

Depreciation expense for the three and nine months ended September 30, 2020, was $5 thousand, and $19 thousand, respectively. Depreciation expense for the three and nine months ended September 30, 2019, was $9 thousand, and $31 thousand, respectively. Maintenance and repairs are charged to expense as incurred and any additions or improvements are capitalized.

 

During the three and nine months ended September 30, 2020 the Company wrote off $131 thousand of fully depreciated computer software and hardware assets that were no longer in use. The Company did not write off any assets during either of the three or nine months ended September 30, 2019.