Property and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

5. Property and Equipment

In December 2013, the Company amended its business model for the MelaFind system from solely a rental-based to include a capital sales option. In accordance with this new sales model, the Company reclassified $5,402 of MelaFind systems from property and equipment into inventory at December 31, 2013. The systems reclassified into inventory represent systems available for sale. Systems that have been leased under the rental-based model remain in property and equipment.

During the year ended December 31, 2014, the Company reclassified $726 of accumulated depreciation related to MelaFind system components that were previously leased and are now available for sale that were included in inventory at December 31, 2013.

Property and equipment, at cost, consists of the following:

	December 31,				Estimated
	2014		2013		Useful Life	Useful Life
Leasehold improvements	$	906	$	906	Lease Term	Lease Term
Laboratory and research equipment		1,084		1,084	3-5 years	3-5 years
Office furniture and equipment		1,969		2,023	3-5 years	3-5 years
MelaFind Systems		3,194		5,081	3 years	3 years
		7,153		9,094
Accumulated depreciation and amortization		(5,192)		(5,403)
	$	1,961	$	3,691

Depreciation expense amounted to approximately $1,785 and $2,434 for the years ended December 31, 2014 and 2013, respectively.

- 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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