Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.10.0.1
Property and Equipment
6 Months Ended
Jun. 30, 2018
Property Plant And Equipment [Abstract]  
Property and Equipment

5.

Property and Equipment

Property and equipment consisted of the following as of each period end:

 

 

 

June 30,

 

 

December 31,

 

 

 

2018

 

 

2017

 

 

 

(in thousands)

 

Leasehold improvements

 

$

32,309

 

 

$

623

 

Construction in progress

 

 

19,192

 

 

 

40,797

 

Build-to-suit asset (see Note 7)

 

 

10,686

 

 

 

 

Lab equipment

 

 

2,751

 

 

 

2,156

 

Machinery equipment

 

 

1,120

 

 

 

885

 

Furniture and fixtures

 

 

1,628

 

 

 

536

 

Computer equipment and software

 

 

798

 

 

 

477

 

 

 

 

68,484

 

 

 

45,474

 

Less accumulated depreciation and amortization

 

 

(2,409

)

 

 

(1,345

)

Property and equipment, net

 

$

66,075

 

 

$

44,129

 

 

Construction in progress represents capitalized costs for our manufacturing facility in Thousand Oaks, California and capitalizable costs incurred for development of internal use software. Depreciation and amortization expense was $0.7 million and $0.2 million for the three months ended June 30, 2018 and 2017, respectively and $1.1 million and $0.4 million for the six months ended June 30, 2018 and 2017, respectively.