PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

The following table sets forth the composition of property and equipment, net as of December 31, 2019 and 2018 (in thousands):

	December 31,
	2019			2018
Lab equipment	$	572		$	443
Furniture and fixtures	16			16
Computer equipment	87			80
Software	28			28
Leasehold improvements	293			293
Property and equipment, gross	996			860
Less: accumulated depreciation	(758		)	(539		)
Total Property and Equipment, Net	$	238		$	321

Depreciation expense was $0.2 million, $0.2 million and $0.3 million for the years ended December 31, 2019, 2018 and 2017, respectively. During the year ended December 31, 2017, the Company sold equipment with no remaining net book value for proceeds of $0.1 million.