Note 5. Consolidated Balance Sheet Detail

Inventory

The following table summarizes inventory by category for the periods presented:

	March 31, 2016		March 31, 2015
Raw materials	$	8,693	$	1,180
Work in progress		2,266		2,071
Finished goods		1,625		1,357
Total inventories	$	12,584	$	4,608

Prepaid expenses and other current assets

At March 31, 2015, prepaid expenses included $2,655 related to purchases of glass for use at the MosaiQ^TMconsumable manufacturing facility in Switzerland. At March 31, 2016, the equivalent balance of glass was $4,008 and is included in inventories.

Property and equipment

The following table summarizes property and equipment by categories for the periods presented:

	March 31, 2016			March 31, 2015
Land	$	1,480		$	—
Plant and machinery		42,375			21,688
Leasehold improvements		19,440			11,412
Total property and equipment		63,295			33,100
Less: accumulated depreciation		(6,180	)		(3,367	)
Total property and equipment, net	$	57,115		$	29,733

Plant and machinery at March 31, 2016 and March 31, 2015 included $26,973 and $15,721 respectively, of payments on account related to equipment being developed for use at the MosaiQ^TM consumable manufacturing facility in Switzerland. This equipment was placed into service in April 2016 and will be depreciated over an eight year life. Depreciation expenses were $2,856, $1,185 and $519 in financial years 2016, 2015, and 2014, respectively. In the financial year ended March 31, 2015, there was a loss on disposal of $382 related to the retirement of certain items of plant and equipment acquired as part of the lease arrangements for the consumable manufacturing plant in Switzerland.

Accrued compensation and benefits

Accrued compensation and benefits consist of the following:

	March 31, 2016		March 31, 2015
Salary and related benefits	$	113	$	300
Accrued vacation		351		165
Accrued payroll taxes		830		302
Accrued incentive payments		2,000		1,798
Total accrued compensation and benefits	$	3,294	$	2,565

Accrued expenses and other current liabilities

Accrued expenses and other current liabilities consist of the following:

	March 31, 2016		March 31, 2015
Accrued legal and professional fees	$	102	$	3,758
Accrued interest		225		112
Goods received not invoiced		911		787
Accrued capital expenditure		2,253		972
Accrued development expenditure		3,533		2,110
Other accrued expenses		2,156		1,048
Total accrued expenses and other current liabilities	$	9,180	$	8,787