Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

v3.19.1
PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT
NOTE 4 — PROPERTY AND EQUIPMENT
 
Property and equipment consist of the following:
 
 
 
December 31,
2018
 
 
December 31,
2017
 
Laboratory equipment
 
$
4,366,000
 
 
$
627,000
 
Furniture and office equipment
 
 
1,454,000
 
 
 
449,000
 
Leasehold improvements
 
 
4,774,000
 
 
 
229,000
 
Construction work-in-progress
 
 
409,000
 
 
 
455,000
 
 
 
 
11,003,000
 
 
 
1,760,000
 
Less: accumulated depreciation and amortization
 
 
1,560,000
 
 
 
386,000
 
Property and equipment, net
 
$
9,443,000
 
 
$
1,374,000
 
 
Depreciation and amortization on property and equipment was $1,174,000, $207,000 and $148,000 for 2018, 2017 and 2016, respectively.