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.