Property and Equipment, Net

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

5. Property and Equipment, Net

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


	DECEMBER 31,
	2014			2013
Computer equipment and software	$	142		$	10
Laboratory equipment		1,012			87
Furniture and fixtures		73			—
Leasehold improvements		48			—

Total property and equipment		1,275			97
Less accumulated depreciation		(190	)		(28	)

Property and equipment, net	$	1,085		$	69

Depreciation expense related to property and equipment was $162,000, $26,000 and $1,000 for the years ending December 31, 2014, 2013 and 2012, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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