Property and Equipment

1 Months Ended

Jan. 31, 2015

7. PROPERTY AND EQUIPMENT

Property and equipment, net at January 31, 2015, December 31, 2014 and 2013 consisted of the following (in thousands):

				December 31
	January 31, 2015			December 31
	January 31, 2015			2014			2013
Furniture and fixtures	$	18		$	18		$	11
Lab equipment		26			26			12
Computers and equipment		78			78			15
Software		144			144			—

		266			266			38
Less: accumulated depreciation		(32	)		(31	)		(6	)

	$	234		$	235		$	32

Depreciation expense for the months ended January 31, 2015 and 2014 and the years ended December 31, 2014 and 2013 was $1,000, $0 (unaudited), $25,000 and $5,000.

- 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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