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PROPERTY AND EQUIPMENT
 6 Months Ended
Jun. 30, 2015
Property Plant And Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 5—PROPERTY AND EQUIPMENT

Property and equipment, consists of the following as of June 30, 2015 and December 31, 2014 (in thousands):

 

 

JUNE 30,

 

 

DECEMBER 31,

 

 

2015

 

 

2014

 

Laboratory equipment

$

5,313

 

 

$

1,362

 

Computer equipment and software

 

516

 

 

 

282

 

Office equipment and furniture

 

1,020

 

 

 

377

 

Leasehold improvements

 

2,795

 

 

 

334

 

Construction in progress

 

2,323

 

 

 

163

 

 

 

11,967

 

 

 

2,518

 

Less: accumulated depreciation and amortization

 

(646

)

 

 

(262

)

Property and equipment, net

$

11,321

 

 

$

2,256

 

 

Depreciation and amortization expense was $250,969 and $48,117 for the three months ended June 30, 2015 and 2014, respectively and was $402,910 and $76,325 for the six months ended June 30, 2015 and 2014, respectively. The net book value of assets under capital leases at June 30, 2015 and December 31, 2014 was $70,150 and $77,958, respectively, net of accumulated depreciation of $16,750 and $18,071, respectively.