Property and Equipment

6 Months Ended

Jun. 30, 2013

6. Property and Equipment

Property and equipment consist of the following, in thousands:



		June 30,		December 31,
		2013		2012
		(unaudited)

Computer equipment	$	663	$	615
Software		209		209
Lab equipment and furniture		4,407		3,896
Leasehold improvements		2,257		1,779
		7,536		6,499
Less accumulated depreciation and amortization		(5,289)		(5,078)
	$	2,247	$	1,421

Depreciation expense on property and equipment was approximately $105,000 and $211,000 for the three and six months ended June 30, 2013, respectively and $156,000 and $323,000 for the three and six months ended June 30, 2012, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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