XML 26 R14.htm IDEA: XBRL DOCUMENT v3.8.0.1
Property and Equipment, Net
12 Months Ended
Dec. 31, 2017
Property Plant And Equipment [Abstract]  
Property and Equipment, Net

6. Property and Equipment, Net

Property and equipment, net consists of the following:

 

 

 

December 31,

 

 

 

2017

 

 

2016

 

Computer and office equipment

 

$

158

 

 

$

149

 

Laboratory equipment

 

 

628

 

 

 

795

 

Furniture and fixtures

 

 

27

 

 

 

173

 

Leasehold improvements

 

 

1,128

 

 

 

8,582

 

 

 

$

1,941

 

 

$

9,699

 

Less accumulated depreciation and amortization

 

 

764

 

 

 

8,085

 

Property and equipment, net

 

$

1,177

 

 

$

1,614

 

 

Depreciation and amortization expense included in R&D expense and General and administrative expense was $495, $1,465 and $839 for the years ended December 31, 2017, 2016 and 2015, respectively.

In connection with the Company’s relocation of its operating facility from Shelton, Connecticut to Stamford, Connecticut, the Company accelerated the amortization of the Shelton leasehold improvements during the period from December 2015 (signing of the Stamford lease) to May 2016 (the date that the Shelton facility was vacated) (see Note 16, Commitments and Contingencies). In addition, during the years ended December 31, 2017 and 2016, the Company wrote-off $7,816 and $397, respectively, of fully-depreciated Shelton property and equipment, including leasehold improvements, that was not re-located to the Stamford headquarters. During the year ended December 31, 2017, the Company sold fully-depreciated Shelton property and equipment for net proceeds of $41.