Annual report pursuant to Section 13 and 15(d)

Property, plant and equipment, net

v3.8.0.1
Property, plant and equipment, net
 12 Months Ended
Dec. 31, 2017
Property, plant and equipment, net  
Property, plant and equipment, net

Note 6 - Property, plant and equipment, net

 

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

 

 

 

December 31,

 

December 31,

 

 

 

2017

 

2016

 

Computer equipment

 

$
2,706

 

$
1,904

 

Laboratory equipment

 
18,745

 
11,423

 

Office equipment

 
858

 
265

 

Leasehold improvements

 
27,441

 
4,498

 

Assets under construction

 
393

 
14,332

 

 

 

 

 

 

 

 

 
50,143

 
32,422

 

Less accumulated depreciation

 
(9,464

)
(4,523

)

 

 

 

 

 

 

 

 

$
40,679

 

$
27,899

 

 

 

 

 

 

 

 

 

 

Depreciation expense was $5,032,000, $3,126,000, $1,176,000 and $705,000 for the years ended December 31, 2017 and 2016, six months ended December 31, 2015 and the year ended June 30, 2015, respectively.

 

The Company has disposed of leasehold improvements resulting in a loss on disposal of $194,000 and $122,000 in the years ended December 31, 2017 and 2016, respectively, which is included within general and administrative expenses in the statement of operations.