Property and Equipment

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

Property and equipment consists of leasehold improvements, which are recorded at cost. The Company depreciates the costs when the property placed into service, using the straight-line method over the shorter of the life of asset and the remaining term of the underlying lease.

Furniture and equipment includes laboratory, testing and computer equipment and furniture and fixtures. All are stated at cost, with useful lives ranging from 2 - 5 years, depreciated on a straight line basis. Leasehold improvements are primarily related to Synergy’s corporate headquarters in New York City and are being amortized over the life of the lease. Depreciation and amortization expense for the years ended December 31, 2016, 2015 and 2014 were approximately $233,000, $163,000 and $120,000, respectively.



($ in thousands)	December 31, 2016			December 31, 2015
Furniture and equipment	$	357		$	243
Leasehold improvement	665			674
Less accumulated depreciation and amortization	(429		)	(386		)
Property and equipment, net	$	593		$	531