Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2016
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

7. PROPERTY AND EQUIPMENT

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

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

    

2016

    

2015

 

Laboratory equipment

 

$
17,986

 

$
17,892

 

Computer and software

 

 
1,280

 

 
1,189

 

Furniture and equipment

 

 
682

 

 
682

 

Total property and equipment

 

$
19,948

 

$
19,763

 

Less accumulated depreciation and amortization

 

 
(18,792)

 

 
(18,150)

 

Property and equipment, net

 

$
1,156

 

$
1,613

 

 

During 2016 and 2015, we disposed of approximately $618,000 and $6.5 million, respectively, of fully depreciated assets.

Total depreciation and amortization expense was $941,000,  $1.4 million and $2.4 million for the years ended December 31, 2016, 2015 and 2014, respectively. During the year ended December 31, 2016, we recognized an impairment loss on certain property and equipment of $319,000 (see Note 11) and recorded this as part of Restructuring Charges in the Statements of Operations.