Property and Equipment

3 Months Ended

Mar. 31, 2014

6. Property and Equipment

Property and equipment consist of the following as of March 31, 2014 and December 31, 2013:


	March 31, 2014			December 31, 2013
Furniture and fixtures	$	1,281		$	1,284
Computer software and equipment		18,455			17,036
Leasehold improvements		714			715
Total costs		20,450			19,035
Less accumulated depreciation and amortization		(10,158	)		(9,007	)
Property and equipment, net	$	10,292		$	10,028

Depreciation expense related to property and equipment (excluding capitalized internal-use software) was $610 and $474 for the three months ended March 31, 2014 and 2013, respectively.

Computer software and equipment includes capitalized software development costs incurred during development of the Company’s cloud-based solution. The Company capitalized software development costs of $1,271 and $1,079 during the three months ended March 31, 2014 and 2013, respectively. Net capitalized software development costs totaled $6,066 and $5,349 at March 31, 2014 and December 31, 2013, respectively. Amortization expense for the three months ended March 31, 2014 and 2013 related to capitalized software development costs was $558 and $367, respectively, which is classified within cost of revenues in the accompanying consolidated statements of operations and comprehensive (loss) income.

- 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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