Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.10.0.1
Property and Equipment
 12 Months Ended
Dec. 31, 2018
Property Plant And Equipment [Abstract]  
Property and Equipment

7. Property and Equipment

Property and Equipment consist of the following as of December 31, 2018 and 2017 (in thousands):

 

 

 

Estimated useful life

 

 

 

 

 

 

 

 

 

 

(in years)

 

December 31, 2018

 

 

December 31, 2017

 

Laboratory equipment

 

5

 

$

4,926

 

 

$

3,978

 

Computer equipment

 

3

 

 

1,080

 

 

 

651

 

Furniture and fixtures

 

4

 

 

440

 

 

 

396

 

Leasehold improvements

 

Shorter of 7 years or life of lease

 

 

2,717

 

 

 

2,613

 

 

 

 

 

$

9,163

 

 

$

7,638

 

Less: Accumulated depreciation

 

 

 

 

(5,302

)

 

 

(3,700

)

Total property and equipment, net

 

 

 

$

3,861

 

 

$

3,938

 

 

 

Depreciation expense, including depreciation expense for assets recorded under capital leases, for the years ended December 31, 2018, 2017 and 2016 was $1.6 million, $1.5 million and $1.3 million, respectively. Office equipment included assets recorded under capital leases of approximately $0.1 million at December 31, 2018. Laboratory equipment included assets recorded under capital leases of $0.4 million at December 31, 2017 (see Note 9). Accumulated depreciation from assets recorded under capital leases was $0.1 million and $0.2 million at December 31, 2018 and 2017, respectively.