6. Other Assets

Other assets, net consisted of the following (in thousands):


	December 31,
	2014		2013
Property and equipment, net	$	2,127	$	2,478
Land held for development		188		188
Intangibles, net		6,677		7,277
Interest rate cap derivative agreements		—		16
Cash trap receivables		—		4,443
Other receivables		2,094		3,942
Other		3,399		2,762
	$	14,485	$	21,106

As of December 31, 2014 and 2013, property and equipment, net consisted of the following (in thousands):


	2014		2013
Cost basis	$	11,573	$	10,933
Accumulated depreciation		(9,446)		(8,455)
Property and equipment, net	$	2,127	$	2,478

The Company’s other assets, net as of December 31, 2014 and 2013, include BuyEfficient’s intangible assets totaling $6.7 million and $7.3 million, respectively, net of accumulated amortization related to certain trademarks, customer and supplier relationships and intellectual property related to internally developed software. These intangibles are amortized using the straight-line method over their useful lives ranging between seven and 20 years. Accumulated amortization totaled $2.4 million and $1.8 million at December 31, 2014 and 2013, respectively. Amortization expense totaled $0.6 million for the years ended December 31, 2014, 2013 and 2012. For the next five years, amortization expense for the BuyEfficient intangible assets is expected to be as follows (in thousands):


2015	$	600
2016	$	600
2017	$	600
2018	$	351
2019	$	337

As of December 31, 2013, $4.4 million of the Company’s cash remained trapped by the lender associated with the mortgage secured by the Hilton Del Mar, which the Company sold in 2012, and whose mortgage was assumed by the buyer. In February 2014, the lender released the cash, and the entire $4.4 million was returned to the Company.