PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2014

(6) PROPERTY AND EQUIPMENT, NET

Property and equipment include the following:

	December 31, 2014			December 31, 2013
	(In thousands)
Laboratory Equipment	$	4,223		$	3,699
Manufacturing Equipment		2,274			2,130
Office Furniture and Equipment		1,888			1,386
Leasehold Improvements		14,603			14,493
Construction in Progress		1,767			257

Total Property and Equipment		24,755			21,965
Less Accumulated Depreciation and Amortization		(14,220	)		(11,992	)

	$	10,535		$	9,973

Depreciation and amortization expense related to property and equipment was $2.4 million, $1.9 million and $2.0 million for the years ended 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.

+ References+ Details