Property And Equipment

12 Months Ended

Dec. 31, 2011

(5) Property and Equipment

Property and equipment consist of the following (in thousands):


	Estimated Life	December 31, 2011			December 31, 2010
Computer equipment	3 years	$	104		$	206
Lab equipment	5 years		142			142
Furniture and fixtures	5 years		93			398
Computer software	3 years		176			176
Leasehold improvements	Lesser of useful life or life of the lease		18			744

			533			1,666
Less accumulated depreciation and amortization			(467	)		(976	)

		$	66		$	690

For the years ended December 31, 2011 and 2010, and for the period from Inception through December 31, 2011, depreciation and amortization expense was $602,000, $338,000 and $1.7 million, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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