Property and equipment consisted of the following as of December 31, 2016 and 2015 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

December 31, 

 

 

 

2016

 

2015

 

Laboratory equipment

    

$

780

    

$

518

 

Office furniture and equipment

 

 

58

 

 

57

 

Leased equipment

 

 

159

 

 

 —

 

Leasehold improvements

 

 

551

 

 

394

 

 

 

 

1,548

 

 

969

 

Less: Accumulated depreciation

 

 

(813)

 

 

(658)

 

Property and equipment, net

 

$

735

 

$

311