Annual report pursuant to Section 13 and 15(d)

PROPERTY & EQUIPMENT

v3.19.1
PROPERTY & EQUIPMENT
 12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
PROPERTY & EQUIPMENT
PROPERTY & EQUIPMENT
Property and equipment, net, as of December 31, 2018 and 2017 were as follows:
 
Useful Lives
 
2018
 
2017
Office furniture and equipment
3 years
 
$
1,189

 
$
538

Tenant improvements
*
 
1,897

 
1,546

Laboratory and other equipment
5 years
 
641

 
399

 
 
 
3,727

 
2,483

Less: accumulated depreciation
 
 
(883
)
 
(399
)
 
 
 
$
2,844

 
$
2,084


* Tenant improvements are amortized over the lesser of the remaining term of the related lease or the estimated useful life of the tenant improvements.
Depreciation expense for the years ended December 31, 2018 and 2017 was $484 and $147, respectively.