Property and equipment and related accumulated depreciation are as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

Estimated

 

 

 

 

 

 

 

 

 

Useful Life

 

December 31,

 

 

December 31,

 

 

 

(Years)

 

2016

 

2015

 

Lab equipment

    

 5

    

$

3,059

    

$

2,712

 

Furniture and fixtures

 

 4

 

 

784

 

 

632

 

Computer equipment

 

 3

 

 

768

 

 

615

 

Leasehold improvements

 

Term of lease

 

 

4,673

 

 

4,612

 

Software

 

 3

 

 

172

 

 

167

 

 

 

 

 

 

9,456

 

 

8,738

 

Less: accumulated depreciation and amortization

 

 

 

 

(3,268)

 

 

(2,077)

 

Total property and equipment, net

 

 

 

$

6,188

 

$

6,661