Annual report pursuant to Section 13 and 15(d)

Property and Equipment

Property and Equipment

12 Months Ended

Dec. 31, 2017

6. Property and Equipment

Property and Equipment consists of the following (in thousands):


	Estimated useful life
	(in years)	December 31, 2017		December 31, 2016
Laboratory equipment	5	$	3,978	$	3,612
Computer equipment	3		651		401
Furniture and fixtures	4		396		395
Leasehold improvements	Shorter of 7 years or life of lease		2,613		2,599
Construction in process			—		18
		$	7,638	$	7,025
Less: Accumulated depreciation			(3,700)		(2,175)
Total property and equipment, net		$	3,938	$	4,850

Depreciation expense, including depreciation expense for assets recorded under capital leases, for the years ended December 31, 2017, 2016 and 2015 was $1.5 million, $1.3 million and $0.6 million, respectively. Laboratory equipment included assets recorded under capital leases of $0.4 million at December 31, 2017 (Note 8). Accumulated depreciation from assets recorded under capital leases was $0.2 million at December 31, 2017.