Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.6.0.2
Property and Equipment
12 Months Ended
Dec. 31, 2016
Property Plant And Equipment [Abstract]  
Property and Equipment

NOTE 7 – PROPERTY AND EQUIPMENT

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

 

 

 

December 31,

 

 

 

2016

 

 

2015

 

Laboratory equipment

 

$

6,206

 

 

$

5,801

 

Furniture and fixtures

 

 

636

 

 

 

652

 

Leasehold improvements

 

 

1,330

 

 

 

1,309

 

Buildings

 

 

3,876

 

 

 

 

Construction in Progress

 

 

148

 

 

 

 

 

 

 

12,196

 

 

 

7,762

 

Less accumulated depreciation and amortization

 

 

(5,639

)

 

 

(4,846

)

 

 

$

6,557

 

 

$

2,916

 

 

Depreciation and amortization expense was $1.0 million in 2016, $1.0 million in 2015 and $0.5 million for 2014. In 2016 the Company capitalized $3.9 million related to the costs of construction as a build-to-suit property within property and equipment, net, and recognize a corresponding build-to-suit lease obligation for the same amount. The building will depreciate over the period of the lease.