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Property And Equipment
 6 Months Ended
Jun. 30, 2017
Property And Equipment [Abstract]  
Property And Equipment

4.  Property and Equipment

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

 





 

 

 

 

 

 



 

 

 

 

 

 



 

June 30,

 

December 31,



 

2017

 

2016

Leasehold improvements

 

$

 2,228 

 

$

 —

Laboratory equipment

 

 

 457 

 

 

 425 

Software

 

 

 31 

 

 

 20 

Furniture, fixtures, and equipment

 

 

 198 

 

 

 17 



 

 

 2,914 

 

 

 462 

Less: Accumulated depreciation

 

 

 (184)

 

 

 (145)



 

$

 2,730 

 

$

 317 



During June 2017, the Company prepared to move into new office space in Hayward, California, and its landlord provided $2.1 million for leasehold improvements pursuant to the tenant allowance clause in the lease agreement between the Company and its landlord which has been capitalized.



Depreciation expense was $25,000  and $24,000 for the three-month periods ended June 30, 2017 and 2016, respectively. Depreciation expense was $49,000 and $46,000 for the six-month periods ended June 30, 2017 and 2016, respectively.