Annual report pursuant to Section 13 and 15(d)

Property and Equipment

Property and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Property and equipment consist of the following (in thousands):


	December 31,
	2014			2013

Lab equipment	$	1,146		$	1,113
Computer and office equipment		87			92

Total equipment	$	1,233			1,205
Less accumulated depreciation		(949	)		(736	)

Property and equipment, net	$	284		$	469

Depreciation expense for the years ended December 31, 2014 and 2013 was $199,000 and $236,000, 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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