Annual report pursuant to Section 13 and 15(d)

PROPERTY & EQUIPMENT (Tables)

v3.20.1
PROPERTY & EQUIPMENT (Tables)
 12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment
Property and equipment, net, as of December 31, 2019 and 2018 were as follows (in thousands):
 
 
 
December 31,
 
Useful Lives
 
2019
 
2018
Office furniture and equipment
3 years
 
$
1,285

 
$
1,189

Tenant improvements
*
 
1,925

 
1,897

Laboratory and other equipment
5 years
 
691

 
641

Construction in progress
 
 
1,269

 
—

 
 
 
5,170

 
3,727

Less: accumulated depreciation
 
 
(1,555
)
 
(883
)
 
 
 
$
3,615

 
$
2,844

* Tenant improvements are amortized over the lesser of the remaining term of the related lease or the estimated useful life of the tenant improvements.