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Property and Equipment, Net
 6 Months Ended
Jun. 30, 2017
Property and Equipment, Net  
Property and Equipment, Net

3.Property and Equipment, Net

 

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

 

 

 

 

 

 

 

 

 

 

June 30, 

 

December 31, 

 

    

2017

    

2016

Furniture

 

$

714

 

$

108

Equipment

 

 

24,602

 

 

230

Leasehold improvements

 

 

4,458

 

 

777

Construction in progress

 

 

11,311

 

 

23,162

Property and equipment, gross

 

 

41,085

 

 

24,277

Less: accumulated depreciation

 

 

(790)

 

 

(76)

Property and equipment, net

 

$

40,295

 

$

24,201

 

Depreciation expense was $484,000 and $16,000 for the three months ended June 30, 2017 and 2016, respectively, and $729,000 and $27,000 for the six months ended June 30, 2017 and 2016, respectively.