Property and Equipment, Net

3 Months Ended

Mar. 31, 2013

F. Property and Equipment, Net

Property and equipment consisted of the following as of March 31, 2013 and December 31, 2012, respectively (in thousands):

	March 31, 2013			December 31, 2012
Buildings and improvements	$	5,326		$	5,373
Laboratory and production equipment	343			115
Furniture and fixtures	4,963			5,326
Construction in process	23			228
	10,655			11,042
Less - accumulated depreciation	(7,985		)	(7,745		)
Property and equipment, net	$	2,670		$	3,297

During the three months ended March 31, 2013, we recorded accelerated depreciation expense of approximately $0.3 million of leasehold improvements and furniture and fixtures associated with a portion of our principal executive offices to reflect our current estimate of useful lives of these assets.

- 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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