Property and Equipment
|12 Months Ended|
Dec. 31, 2015
|Property Plant And Equipment [Abstract]|
|Property and Equipment||
4. Property and Equipment
Property and equipment consisted of the following:
(1) For buildout of our new office in New York, NY.
During the year ended December 31, 2014, in relation to the abandonment of its Woburn, MA manufacturing facility, the Company recorded $0.4 million of impairment loss related to the write-off of its construction in progress long-lived asset (see Note 13).
Depreciation expenses for the years ended December 31, 2015, 2014, and 2013 was $26,000, $23,000, and $17,000, respectively, and was recorded in both research and development expense and general and administrative expense in the Consolidated Statements of Operations.
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.
Reference 1: http://www.xbrl.org/2003/role/presentationRef