Property and Equipment

3 Months Ended

Mar. 31, 2014

(5) Property and Equipment

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

	Estimated Life	March 31, 2014			December 31, 2013
Computer equipment	3 years	$	99		$	99
Lab equipment	5 years		142			142
Furniture and fixtures	5 years		89			89
Computer software	3 years		176			176
Leasehold improvements	Lesser of useful life or life of the lease		8			8
			514			514
Accumulated depreciation and amortization			(488	)		(485	)
Property and equipment, net		$	26		$	29

For the three months ended March 31, 2014 and 2013, and for the period from Inception through March 31, 2014, depreciation and amortization expense was $3,000, $10,000, 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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