Property and equipment consists of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

    

December 31,

    

December 31,

 

 

 

2016

 

2015

 

Furniture and office equipment

 

$

5,879

 

$

4,919

 

Machinery and equipment

 

 

10,757

 

 

8,456

 

Laboratory equipment

 

 

5,129

 

 

5,129

 

Leasehold improvements

 

 

6,841

 

 

6,840

 

 

 

 

28,606

 

 

25,344

 

Less: Accumulated depreciation and amortization

 

 

(13,080)

 

 

(10,550)

 

Property and equipment, net

 

$

15,526

 

$

14,794