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Property and Equipment
9 Months Ended
Sep. 30, 2019
Property Plant And Equipment [Abstract]  
Property and Equipment

4. Property and Equipment

Property and equipment as of September 30, 2019 and December 31, 2018 consisted of the following (in thousands):

 

 

 

As of

 

 

 

September 30,

2019

 

 

December 31,

2018

 

Computers and software

 

$

170

 

 

$

146

 

Office furniture and equipment

 

 

164

 

 

 

165

 

Leasehold improvements

 

 

158

 

 

 

141

 

 

 

 

492

 

 

 

452

 

Less: Accumulated depreciation

 

 

(272

)

 

 

(204

)

Property and equipment, net

 

$

220

 

 

$

248

 

 

Depreciation expense was $18 thousand and $75 thousand for the three months ended September 30, 2019 and 2018 and $68 thousand and $121 thousand for the nine months ended September 30, 2019 and 2018, respectively.