Quarterly report pursuant to Section 13 or 15(d)

Leasehold Improvements and Equipment

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Leasehold Improvements and Equipment
 6 Months Ended
Jun. 30, 2018
Property, Plant and Equipment [Abstract]  
Leasehold Improvements and Equipment

NOTE E – Leasehold Improvements and Equipment

 

Leasehold improvements and equipment, summarized by major category, consist of the following ($ in thousands) for the six months ended June 30, 2018 and year ended December 31, 2017:

 

    June 30, 2018     December 31, 2017  
Lab equipment   $ 778       577  
Furniture and fixtures     20       20  
Equipment under capital lease     198       117  
Leasehold improvements     1,156       1,097  
Total     2,152       1,811  
Less: accumulated depreciation and amortization     341       241  
Leasehold improvements and equipment, net   $ 1,811     $ 1,570  

 

Depreciation and amortization expense for the six months ended June 30, 2018 and year ended December 31, 2017 was approximately $100,000 and $100,000, respectively.

 

The Company has entered into capital leases for lab equipment. During the six months ended June 30, 2018 and 2017 the Company recognized interest expense of approximately $3,800 and $504, respectively, associated with the lease payments.