Property and Equipment, net

12 Months Ended

Dec. 31, 2017

6. Property and Equipment, Net

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


	As of
	December 31,
	2017		2016
Building	$	35,167	$	35,941
Laboratory equipment		7,415		5,130
Computer equipment		550		392
Leasehold improvements		177		200
Furniture and office equipment		96		170
Software		95		101
Total property and equipment		43,500		41,934
Less: accumulated depreciation		(4,058)		(1,556)
Property and equipment, net	$	39,442	$	40,378

The Company recorded $2.7 million, $1.2 million, and $0.5 million in depreciation expense during the years ended December 31, 2017, 2016 and 2015, respectively.