Property and Equipment, Net

3 Months Ended

Mar. 31, 2016

Property, Plant and Equipment [Abstract]

5. Property and Equipment, Net

Property and equipment as of March 31, 2016 and December 31, 2015 consisted of the following:


(In thousands)	March 31, 2016			December 31, 2015
Computer and office equipment	$	392		$	393
Manufacturing equipment		—			2,534
Furniture and fixtures		258			290
Software		323			342
Leasehold improvements		194			239
Construction—in progress		8,362			4,134

		9,529			7,932
Less: Accumulated depreciation		(446	)		(490	)

Total property and equipment, net	$	9,083		$	7,442

Depreciation expense for the three months ended March 31, 2016 and 2015 was $186,000 and $40,000, respectively. During the three months ended March 31, 2016 and 2015, $2,508,000 and $0 of property and equipment was disposed of, resulting in a loss of $2,278,000 and $0, respectively. Of the $2,508,000 disposed of during the three months ending March 31, 2016, $2,265,000 was related to manufacturing equipment that will no longer be used due to the termination of the contract manufacturing agreement with Evonik, resulting in a loss of $2,180,000. Construction-in progress is primarily comprised of amounts related to the construction of new manufacturing equipment for use by our contract manufacturer, Patheon.