Property and Equipment, net

112 Months Ended

Dec. 31, 2012

5. Property and Equipment, net

Property and equipment, net consist of the following:


	December 31,
(in thousands)	2012			2011
Office and computer equipment	$	1,552		$	1,021
Software		856			399
Leasehold improvements		1,357			890
Manufacturing equipment		153			156

		3,918			2,466
Less accumulated depreciation		(1,924	)		(1,325	)

Property and equipment, net	$	1,994		$	1,141

Depreciation and amortization charged to the Statement of Operations for the years ended December 31, 2012, 2011, 2010 and from September 9, 2003 (date of inception) to December 31, 2012 (in thousands) was: $658, $268, $188, and $2,574, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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