Annual report pursuant to Section 13 and 15(d)

Property And Equipment

v2.4.0.6
Property And Equipment
 12 Months Ended
Dec. 31, 2011
Property And Equipment [Abstract]  
Property And Equipment

NOTE 4—PROPERTY AND EQUIPMENT

Property and equipment comprise the following (in thousands):

 

     December 31,  
     2011     2010  

Computer and office equipment

    $ 337      $ 875   

Laboratory equipment

      1,316        1,368   

Leasehold improvements

      640        2,802   
  

 

 

    

 

 

  
     2,293        5,045   

Less: Accumulated depreciation and amortization

      (1,750 )      (4,774 ) 
  

 

 

    

 

 

  

Total property and equipment, net

    $ 543      $ 271   
  

 

 

    

 

 

  

 

Depreciation and amortization expense was $0.2 million, $0.3 million, $0.7 million and $5.0 million for the years ended December 31, 2011, 2010 and 2009, and, cumulatively, for the period from October 17, 2001 (date of inception) to December 31, 2011, respectively. In connection with the Company's relocation of its corporate headquarter and laboratories to South San Francisco from Redwood City during 2011, the Company wrote off leasehold improvements and computer and office equipment that were fully depreciated with historical asset values of $2.7 million and $0.6 million, respectively. In addition, the Company incurred leasehold improvements at the new South San Francisco facility of approximately $0.5 million during 2011.