Property and Equipment

12 Months Ended

Dec. 31, 2014

Property Plant And Equipment [Abstract]

NOTE 8 – PROPERTY AND EQUIPMENT

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

	December 31,
	2014			2013
Laboratory equipment	$	3,665		$	3,208
Furniture and fixtures		550			563
Leasehold improvements		1,163			1,156
		5,378			4,927
Less accumulated depreciation and amortization		(3,899	)		(3,521	)
	$	1,479		$	1,406

Depreciation and amortization expense was $0.5 million in 2014 and $0.6 million for 2013 and 2012. In 2012, the Company disposed of $0.5 million in fixed assets with associated accumulated depreciation of $0.4 million. The Company recognized a $0.1 million loss on the write-off of these assets.

- 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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