Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v2.4.0.8
Property and Equipment
 12 Months Ended
Dec. 31, 2013
Property Plant And Equipment [Abstract]  
Property and Equipment
4. Property and Equipment
 
Property and equipment consisted of the following:
 
 
 
Useful Life
 
As of December 31,
 
($ in thousands)
 
(Years)
 
2013
 
2012
 
Construction in progress
 
N/A
 
$
373
 
$
—
 
Computer equipment
 
3
 
 
13
 
 
10
 
Furniture & fixtures
 
5
 
 
69
 
 
38
 
Leasehold improvements
 
5
 
 
12
 
 
6
 
Total property and equipment
 
 
 
 
467
 
 
54
 
Less: Accumulated depreciation
 
 
 
 
(20)
 
 
(3)
 
Property and equipment, net
 
 
 
$
447
 
$
51
 
 
Construction in progress relates to payments made in connection with the build-out of our Woburn, MA manufacturing facility.
 
Depreciation expense for the years ended December 31, 2013, 2012, and 2011 and the period from inception to December 31, 2013 was $17,000, $3,000, $22,000 and $61,000 which includes $41,000 of computer equipment write-offs, respectively, and was recorded in both research and development expense and general and administrative expense in the consolidated statements of operations.