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Property and Equipment, Net
6 Months Ended
Jun. 30, 2017
Property Plant And Equipment [Abstract]  
Property and Equipment, Net

5. Property and Equipment, Net

Property and equipment, net, as of June 30, 2017 and December 31, 2016 consisted of the following:

 

(In thousands)

 

June 30,

2017

 

 

December 31,

2016

 

Manufacturing equipment

 

$

11,505

 

 

$

10,099

 

Computer and office equipment

 

 

772

 

 

 

573

 

Software

 

 

434

 

 

 

434

 

Construction—in progress

 

 

568

 

 

 

1,254

 

Furniture and fixtures

 

 

426

 

 

 

402

 

Leasehold improvements

 

 

461

 

 

 

278

 

 

 

 

14,166

 

 

 

13,040

 

Less: Accumulated depreciation

 

 

(2,303

)

 

 

(1,376

)

Total property and equipment, net

 

$

11,863

 

 

$

11,664

 

 

Depreciation expense for the six months ended June 30, 2017 and 2016 was approximately $927,000 and $269,000, respectively.  No property and equipment was disposed of during the six months ended June 30, 2017. Approximately $2,265,000 in manufacturing equipment located at the Evonik facility was disposed of, resulting in a loss of $2,180,000 which was recorded in research and development expenses for the six months ended June 30, 2016. Construction in progress primarily consists of amounts related to equipment purchased for the Company’s portfolio expansion efforts.