Property and Equipment

9 Months Ended

Sep. 30, 2017

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

Property and equipment at September 30, 2017 and December 31, 2016 consisted of the following:

(in thousands, except for useful life data)	Useful life (years)	September 30, 2017			December 31, 2016
Leasehold improvements	7-20	$	1,775		$	1,463
Machinery & equipment	1-12	7,105			6,066
Furniture	1-12	967			843
Construction in progress		1,463			781
		11,310			9,153
Less: accumulated depreciation		(2,011		)	(1,105		)
Total property and equipment, net		$	9,299		$	8,048

Depreciation expense for the three and nine months ended September 30, 2017 was $0.3 million and $0.9 million, respectively.

Depreciation expense for the three and nine months ended September 30, 2016 was $0.2 million and $0.6 million, respectively.

Depreciation expense is recorded in cost of sales, selling, general and administrative expense and research and development expense in the condensed consolidated statements of income (loss).