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Property and Equipment, Net
 12 Months Ended
Dec. 31, 2016
Property Plant And Equipment [Abstract]  
Property and Equipment, Net

5. Property and Equipment, Net

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

 

 

 

December 31, 2016

 

 

December 31, 2015

 

Computer equipment and software

 

$

1,038

 

 

$

458

 

Lab equipment

 

 

2,780

 

 

 

—

 

Furniture and fixtures

 

 

1,213

 

 

 

105

 

Leasehold improvements

 

 

4,917

 

 

 

55

 

Total property and equipment

 

 

9,948

 

 

 

618

 

Accumulated depreciation and amortization

 

 

(624

)

 

 

(80

)

Property and equipment, net

 

$

9,324

 

 

$

538

 

 

As of December 31, 2016, the Company’s leasehold improvements at its various office and laboratory facilities was $4.7 million, net of accumulated depreciation, which will be depreciated over the remaining terms of each lease.

During the years ended December 31, 2016, 2015 and 2014, the Company recorded depreciation expense of $0.5 million, $0.1 million and $0, respectively.