Property and equipment

12 Months Ended

Dec. 31, 2019

Property and equipment

Property and equipment

Note 6. Property and equipment

Property and equipment, net at the indicated dates consists of the following:

	December 31,
	2019		2018
	(in thousands)
Assets under finance lease	$	3,733	$	3,327
Leasehold improvements		4,392		4,340
Manufacturing, packaging and lab equipment		7,088		6,821
Office furniture and equipment		1,888		2,164
Assets under construction		731		188
		17,832		16,840
Accumulated depreciation and amortization (including $1,153 and $633 at December 31, 2019 and 2018 respectively, applicable to finance leases)		(10,487)		(8,926)
	$	7,345	$	7,914

Depreciation and amortization expense related to property and equipment was $2,059,000,  $1,750,000 and $1,363,000 for the years ended December 31, 2019, 2018 and 2017, respectively. Depreciation and amortization expense is recorded in cost of goods sold, research and development, or general and administrative expenses in the accompanying consolidated statements of operations. As noted in Note 7, the Company sold and leased back a substantial portion of its operating assets in a series of capital lease transactions.