Annual report pursuant to Section 13 and 15(d)

Property and Equipment

Property and Equipment

12 Months Ended

Dec. 31, 2016

6. Property and Equipment

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


	Estimated useful life
	(in years)	December 31, 2016		December 31, 2015
Laboratory equipment	5	$	3,612	$	2,676
Computer equipment	3		401		237
Furniture and fixtures	4		395		349
Leasehold improvements	Shorter of 7 years or life of lease		2,599		2,468
Construction in process			18		—
		$	7,025	$	5,730
Less: Accumulated depreciation			(2,175)		(931)
Total property and equipment, net		$	4,850	$	4,799

Depreciation expense, including depreciation expense for assets recorded under capital leases, for the years ended December 31, 2016, 2015 and 2014 was $1.3 million, $0.6 million and $0.3 million, respectively. Laboratory equipment included assets recorded under capital leases of $0.4 million at December 31, 2016 (Note 8). Accumulated depreciation from assets recorded under capital leases was $0.1 million at December 31, 2016.