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Fixed Assets
 12 Months Ended
Dec. 31, 2015
Property, Plant and Equipment [Abstract]  
Fixed Assets
Fixed Assets
Fixed assets at December 31, 2015 and 2014 consist of the following:
 
 
Cost
 
Accumulated
Depreciation
and
Amortization
 
Net Book
Value
As of December 31, 2015
 
 
 
 
 
Leasehold improvements
3,571,619

 
(721,280
)
 
2,850,339

Laboratory equipment
1,875,561

 
(540,555
)
 
1,335,006

Office furniture and fixtures
987,436

 
(399,524
)
 
587,912

Computer equipment and other
4,419,761

 
(1,886,323
)
 
2,533,438

 
$
10,854,377

 
$
(3,547,682
)
 
$
7,306,695

As of December 31, 2014
 
 
 
 
 
Leasehold improvements
3,545,011

 
(406,669
)
 
3,138,342

Laboratory equipment
751,204

 
(298,734
)
 
452,470

Office furniture and fixtures
887,887

 
(228,664
)
 
659,223

Computer equipment and other
1,940,458

 
(1,607,289
)
 
333,169

 
$
7,124,560

 
$
(2,541,356
)
 
$
4,583,204



Depreciation expense for the years ended December 31, 2015, 2014 and 2013 was $1.0 million, $627,000 and $329,000, respectively. The Company determined that the carrying value of these long-lived assets was not impaired for the periods presented.