Property and Equipment

12 Months Ended

Dec. 31, 2014

6. Property and Equipment

Property and equipment consist of the following:

	December 31,
	2014		2013
	(in thousands)
Lab equipment	$	519	$	511
Computer equipment		110		100
Software		74		119
Furniture and fixtures		320		11
Leasehold improvements		158		21
Assets in Progress		2		7

Subtotal		1,183		769
Less accumulated depreciation and amortization		403		688

Property and equipment, net	$	780	$	81

Depreciation expense was $0.2 million, $0.1 million, and $0.1 million for the years ended December 31, 2014, 2013 and 2012, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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