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Property and Equipment

9 Months Ended

Sep. 30, 2014

Property, Plant and Equipment [Abstract]

NOTE 5. PROPERTY AND EQUIPMENT

Property and equipment are recorded at cost and consisted of the following at September 30, 2014 and December 31, 2013 (in thousands):

Property and Equipment (in thousands)
	September 30, 2014			December 31, 2013
Computer equipment	$	897		$	567
Laboratory and scientific equipment		1,300			791
Furniture and fixtures		206			37
Manufacturing equipment		89			—
Leasehold improvements		620			279
Capital lease – leasehold improvements		266			—
Capital projects in progress		55			—
Total property and equipment	$	3,433		$	1,674
Accumulated amortization – capital lease		(100	)		—
Accumulated depreciation – other		(1,063	)		(627	)
Net property and equipment	$	2,270		$	1,047

Depreciation expense, which includes amortization of capital lease assets, for the three-month periods ended September 30, 2014 and 2013 was $251,000 and $84,000 respectively, and for the nine-month periods ended September 30, 2014 and 2013, was $536,000 and $191,000, 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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