6. PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2016
Property, Plant and Equipment [Abstract]  
6. PROPERTY AND EQUIPMENT

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

 

   December 31, 
   2016   2015 
Computer equipment  $60   $39 
Laboratory equipment   55    184 
Software   5    5 
Office equipment   2    16 
Furniture and fixtures   –    1 
    122    245 
Less: Accumulated depreciation and amortization   (94)   (230)
   $28   $15 

 

Depreciation and amortization expense relating to property and equipment was approximately $15,000 and $10,000 for the years ended December 31, 2016 and 2015, respectively. The company depreciates computer equipment, laboratory equipment and office equipment on straight-line basis over three years. The Company amortizes software on straight-line basis over three years.

 

During the year ended December 31, 2016, the Company disposed of property and equipment with a cost of approximately $151,000 in connection with the relocation of its Massachusetts’s office. The net book value of the assets at the time of the disposal was approximately $0.