Balance Sheet Components

Prepaid expenses and other current assets

Prepaid expenses and other current assets consist of the following (in thousands):



	December 31,		December 31,
	2012		2011
Prepaid expenses and deposits for inventory	$	2,794	$	1,991
Escrow receivable (Note 10)	3,000		—
Other current assets ⁽¹⁾	1,219		386
Prepaid expenses and other current assets	$	7,013	$	2,377

(1) Other current assets in 2012 include $0.7 million receivable from the Buyers for performance of transition services and $0.5 million in vendor rebate and other receivables.

Property and Equipment

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



	December 31,			December 31,
	2012			2011
Computer and office equipment (useful lives of 2 to 4 years)	$	650		$	5,143
Distribution equipment (useful life of 5 years)	5,290			5,394
Furniture and fixtures (useful lives of 2 to 4 years)	143			347
Leasehold improvements (useful lives of lesser of estimated life or lease term)	220			365
Software (useful lives of 2 to 5 years)	393			700
Total property and equipment	6,696			11,949
Less: Accumulated depreciation and amortization	(3,173		)	(6,232		)
Property and equipment, net	$	3,523		$	5,717

Depreciation and amortization expense from continuing operations for property and equipment was $1.4 million, $1.2 million and $0.5 million for the years ended December 31, 2012, 2011 and 2010, respectively.

Other long-term assets

Other long-term assets consist of the following (in thousands):



	December 31,		December 31,
	2012		2011
Non marketable equity investment	$	—	$	1,979
Goodwill	—		1,675
Intangible assets, net	—		101
Other	335		334
Other long-term assets	$	335	$	4,089

Non-marketable equity investments

As of December 31, 2011, the Company owned approximately 9% of the outstanding capital stock of CollabNet, Inc. (“CollabNet”), which consisted of shares of CollabNet’s Series C-1 preferred stock. This investment was accounted for under the cost method as the Company held less than 20% of the voting stock of CollabNet and did not otherwise exercise significant influence over CollabNet.

On April 5, 2012, the Company sold its Series C-1 preferred stock investment in CollabNet, Inc. to a third party for $6.0 million. The carrying value of the investment at the time of the sale was $2.0 million and as such, a gain of $4.0 million was recognized during 2012.

The carrying value of the investment is included in Other long-term assets and was zero and $2.0 million at December 31, 2012 and December 31, 2011.

Accrued liabilities and other

Accrued liabilities and other consisted of the following (in thousands):



	December 31, 2012		December 31, 2011
Accrued employee compensation and benefits	$	1,258	$	2,175
Other accrued liabilities	1,558		2,184
Accrued liabilities and other	$	2,816	$	4,359