Annual report pursuant to Section 13 and 15(d)

Property, plant and equipment, net

v3.6.0.2
Property, plant and equipment, net
 12 Months Ended
Dec. 31, 2016
Property, plant and equipment, net  
Property, plant and equipment, net

Note 5 - Property, plant and equipment, net

 

Property and equipment, net consisted of the following (in thousands):

 

 

December 31,
2016

 

December 31,
2015

 

June 30,
2015

 

 

 

 

 

 

 

 

 

Computer equipment

 

$
1,904

 

$
1,182

 

$
649

 

Laboratory equipment

 
11,423

 
11,016

 
3,547

 

Office equipment

 
265

 
258

 
192

 

Leasehold improvements

 
4,498

 
1,631

 
1,926

 

Assets under construction

 
14,332

 
1,147

 

—

 

 

 

 

 

 

 

 

 

 

 
32,422

 
15,234

 
6,314

 

Less accumulated depreciation

 
(4,523

)
(2,009

)
(921

)

 

 

 

 

 

 

 

 

 

 

$
27,899

 

$
13,225

 

$
5,393

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation expense was $3,126,000, $1,176,000, $705,000 and $240,000 for the year ended December 31, 2016, six months ended December 31, 2015 and the years ended June 30, 2015 and 2014, respectively.

 

The Company has disposed of leasehold improvements resulting in a loss on disposal of $122,000, which is included within general and administrative expenses in the statement of operations.