Note 4 - Property and Equipment, Net

12 Months Ended

Dec. 31, 2015

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

4. Property and Equipment, net

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

	As of December 31,
	2015			2014
Computer equipment and software	$	167		$	135
Furniture, fixtures, and other		244			84
Laboratory equipment		254			248
		665			467
Accumulated Depreciation		(441	)		(384	)
Property and equipment, net	$	224		$	83

Depreciation expense for the years ended December 31, 2015, 2014 and 2013 was $57,000, $30,000, and $27,000, respectively. During 2013, the Company sold fully depreciated fixed assets with an original cost basis of $0.2 million and a net book value of $0, recognizing a gain on sale of $0.1 million. The Company did not sell or dispose of any fixed assets during the years ended December 31, 2015 or 2014.