Property and Equipment

12 Months Ended

Dec. 31, 2013

Property Plant And Equipment [Abstract]

NOTE 7 – PROPERTY AND EQUIPMENT

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


	December 31,
	2013			2012
Laboratory equipment	$	3,208		$	2,950
Furniture and fixtures		563			499
Leasehold improvements		1,156			1,046

		4,927			4,495
Less accumulated depreciation and amortization		(3,521	)		(2,952	)

	$	1,406		$	1,543

Depreciation and amortization expense was $0.6 million for 2013, 2012 and 2011. 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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