Property and Equipment, Net

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

8. Property and Equipment, Net

At December 31, 2018 and 2017, property and equipment, net and construction in progress were comprised of the following (in thousands):

	December 31,
	2018 (1)		2017
Equipment, furniture and fixtures	$	3,842	$	4,255
Leasehold improvements		3,910		4,434
Accumulated depreciation and amortization		(3,185)		(3,156)
Property and equipment, net		4,567		5,533
Construction in progress		1,268		-
Property and equipment, net and construction in progress	$	5,835	$	5,533

(1) Reflects the effect of the AgeX Deconsolidation.

Property and equipment at December 31, 2018 and 2017 includes $146,000 and $151,000 financed by capital leases, respectively. Depreciation and amortization expense amounted to $1.1 million and $0.9 million for the years ended December 31, 2018 and 2017, respectively.

Construction in progress

Construction in progress of $1.3 million as of December 31, 2018 entirely relates to the leasehold improvements made at Cell Cure’s lease facilities in Jerusalem, Israel, primarily financed by the landlord (see Note 15). The leasehold improvements were substantially completed in December 2018 and the assets placed in service in January 2019.