Property and Equipment

12 Months Ended

Dec. 31, 2013

(5) Property and Equipment

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

	Estimated Life	December 31, 2013			December 31, 2012
Computer equipment	3 years	$	99		$	104
Lab equipment	5 years		142			142
Furniture and fixtures	5 years		89			93
Computer software	3 years		176			176
	Lesser of useful life or
Leasehold improvements	life of the lease		8			18
			514			533
Less accumulated depreciation and amortization			(485	)		(510	)
		$	29		$	23

For the years ended December 31, 2013 and 2012, and for the period from Inception through December 31, 2013, depreciation and amortization expense was $26,000, $43,000 and $1.8 million, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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