Property and Equipment, net

9 Months Ended

Sep. 30, 2019

6. Property and Equipment, net

Property and equipment consists of the following (in thousands):


	September 30,		December 31,
	2019		2018
Laboratory equipment	$	9,132	$	7,561
Furniture and fixtures		389		386
Computer hardware and software		732		580
Leasehold improvements		247		236
		10,500		8,763
Less accumulated depreciation and amortization		(5,760)		(4,620)
Total property and equipment, net	$	4,740	$	4,143

Depreciation expense was $426,000 and $360,000 for the three months ended September 30, 2019 and 2018, respectively, and $1,218,000 and $1,027,000 for the nine months ended September 30, 2019 and 2018, respectively.

The net book value of property and equipment under capital leases was $105,000 and $142,000 at September 30, 2019 and December 31, 2018, respectively.