Fixed Assets (Tables)

3 Months Ended

Mar. 31, 2020

Fixed Assets

Schedule of Fixed Assets

Fixed assets are recorded at cost and, once placed in service, are depreciated on the straight-line method over their estimated useful lives. Leasehold improvements are accreted over the shorter of the estimated economic life or related lease term. Fixed assets consist of the following:

	Estimated	As of December 31,						As of March 31,
	Useful Lives in Years	2019		Additions		Disposals		2020
Manufacturing facility/clean room	3 - 8	$	3,081,000	$	—	$	—	$	3,081,000
Leasehold improvements	10		6,075,000		—		—		6,075,000
Office furniture and equipment	5 - 10		520,000		—		—		520,000
Lab equipment	5 - 8		1,137,000		—		—		1,137,000
Less accumulated depreciation and amortization			(6,065,000)		(295,000)		—		(6,360,000)
Fixed assets, net		$	4,748,000	$	(295,000)	$	—	$	4,453,000

Schedule Of Depreciation expense

Depreciation and amortization expense for the respective periods is as follows:

	Three Months Ended March 31,
	2020		2019
Depreciation and amortization expense	$	295,000	$	365,000