Property and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Property and equipment consisted of the following as of:



($ in thousands)	December 31, 2014			December 31, 2013
Laboratory equipment	$	1,279		$	1,045
Computer equipment and software	206			179
Furniture and fixtures	49			15
Leasehold improvements	772			448
Construction-in-process	343			749
	2,649			2,436
Less: Accumulated depreciation	(1,051		)	(735		)
Property and equipment, net	$	1,598		$	1,701

Depreciation expense was approximately $0.3 million, $0.3 million and $0.3 million for the years ended December 31, 2014, 2013 and 2012, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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