Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2017
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

7. PROPERTY AND EQUIPMENT

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

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

    

2017

    

2016

 

Laboratory equipment

 

$
11,122

 

$
17,986

 

Computer and software

 

 
1,320

 

 
1,280

 

Furniture and equipment

 

 
711

 

 
682

 

Total property and equipment

 

$
13,153

 

$
19,948

 

Less accumulated depreciation and amortization

 

 
(12,278)

 

 
(18,792)

 

Property and equipment, net

 

$
875

 

$
1,156

 

 

During 2017 and 2016, we disposed of approximately $7.0 million and $618,000,  respectively, of fully depreciated assets.

Total depreciation and amortization expense was $465,000,  $941,000 and $1.4 million for the years ended December 31, 2017, 2016 and 2015, 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.