PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2015

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

NOTE 5. PROPERTY AND EQUIPMENT

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

	December 31, 2015			December 31, 2014
Furniture and office equipment	$	4,919		$	4,097
Machinery and equipment		8,456			—
Laboratory equipment		5,129			5,156
Leasehold improvements		6,840			6,045
		25,344			15,298
Less: Accumulated depreciation and amortization		(10,550	)		(8,243	)
Property and equipment, net	$	14,794		$	7,055

        There was no property and equipment included under capitalized leases as of December 31, 2015 or December 31, 2014. Depreciation expense was $2.4 million, $1.8 million and $1.6 million for the years ended December 31, 2015, 2014 and 2013, respectively.