Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.20.1
Property and Equipment
 12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 3 - PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

 

    December 31, 2019     December 31, 2018  
Laboratory equipment   $ 7,031,000     $ 4,366,000  
Furniture and office equipment     1,710,000       1,454,000  
Leasehold improvements     8,573,000       4,774,000  
Construction work-in-progress     -       409,000  
      17,314,000       11,003,000  
Less: accumulated depreciation and amortization     4,157,000       1,560,000  
Property and equipment, net   $ 13,157,000     $ 9,443,000  

 

Depreciation and amortization on property and equipment was $2.6 million, $1.2 million and $0.2 million for 2019, 2018 and 2017, respectively.