Property and Equipment

3 Months Ended

Mar. 31, 2014

6. Property and Equipment

Property and equipment, net consists of (in thousands):

	March 31			December 31,
	2014			2013
Leasehold improvements	$	1,238		$	1,236
Furniture, fixture and office equipment		4,345			4,236
Machinery		6,893			6,843
Software		2,164			2,094
Total		14,640			14,409
Accumulated depreciation		(8,944	)		(8,521	)
Property and equipment, net	$	5,696		$	5,888

The Company recorded depreciation expense of approximately $0.4 million and $0.6 million during the three months ended March 31, 2014 and 2013, respectively. A net increase of $0.4 million in accumulated depreciation from December 31, 2013 is due to depreciation expense of $0.4 million recorded during the quarter.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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