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Property and Equipment
 12 Months Ended
Dec. 31, 2017
Property Plant And Equipment [Abstract]  
Property and Equipment

NOTE 7 – PROPERTY AND EQUIPMENT

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

 

 

 

December 31 ,

 

 

 

2017

 

 

2016

 

Laboratory equipment

 

$

7,572

 

 

$

6,206

 

Furniture and fixtures

 

 

1,494

 

 

 

636

 

Leasehold improvements

 

 

3,425

 

 

 

1,330

 

Buildings

 

 

3,876

 

 

 

3,876

 

Total

 

 

16,367

 

 

 

12,048

 

Less accumulated depreciation and amortization

 

 

(6,951

)

 

 

(5,639

)

Construction in Progress

 

 

21,650

 

 

 

148

 

 

 

$

31,066

 

 

$

6,557

 

 

 

Depreciation and amortization expense was $1.5 million in 2017, $1.0 million in 2016 and $1.0 million in 2015.  In 2017 the Company capitalized $20.9 million related to the fair value of the Brisbane building and $0.3 million of construction costs in Construction in Progress under the build-to-suit lease guidance (see Note 14). In 2016 the Company capitalized $3.9 million related to the costs of the Richmond construction as a build-to-suit property within property and equipment, net, and recognize a corresponding build-to-suit lease obligation for the same amount. Both buildings will depreciate over the period of their lease, respectively.