Other Financial Information

12 Months Ended

Dec. 31, 2019

Other Financial Information

Other Financial Information

Note 10 – Other Financial Information

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following at December 31 (in thousands):

	2019		2018
Laboratory supplies	$	4,376	$	11,974
Other prepaid expenses and other current assets		3,601		4,321
Prepaid expenses and other current assets	$	7,977	$	16,295

Property and Equipment, net

Property and equipment is comprised of the following at December 31 (in thousands):

	2019		2018
Machinery and equipment	$	9,946	$	35,723
Leasehold improvements		9,088		22,276
Computer hardware		4,987		4,763
Construction in progress		448		1,347
		24,469		64,109
Less ― accumulated depreciation		(13,024)		(35,683)
Property and equipment, net	$	11,445	$	28,426

Depreciation expense was approximately $5.1 million, $7.4 million and $7.6 million for the years ended December 31, 2019, 2018 and 2017, respectively.

Accrued Expenses

Accrued expenses consist of the following at December 31 (in thousands):

	2019		2018
Employee benefits and compensation	$	7,504	$	9,632
Research and development accruals		6,175		8,476
Other accrued expenses		1,188		1,442
Accrued expenses	$	14,867	$	19,550