6. Other Assets

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



	September 30,		December 31,
	2015		2014
	(unaudited)
Property and equipment, net	$	1,400	$	2,127
Land held for development		188		188
Intangibles, net		—		6,677
Deferred expense on straightlined third-party tenant leases		3,206		1,426
Other receivables		1,337		2,094
Other		1,946		1,973
Total other assets	$	8,077	$	14,485

Property and equipment, net consisted of the following (in thousands):



	September 30,		December 31,
	2015		2014
	(unaudited)
Cost basis	$	10,691	$	11,573
Accumulated depreciation		(9,291)		(9,446)
Property and equipment, net	$	1,400	$	2,127

Prior to the sale of BuyEfficient in September 2015 (see Note 4), the Company’s other assets, net included BuyEfficient’s intangible assets related to certain trademarks, customer and supplier relationships and intellectual property related to internally developed software. Coterminous with the sale of BuyEfficient, the Company wrote off $6.2 million of net intangible assets. As of December 31, 2014, these intangible assets totaled $6.7 million, net of accumulated amortization. BuyEfficient’s intangibles were amortized using the straight-line method over their useful lives ranging between seven and 20 years. Accumulated amortization totaled zero and $2.4 million at September 30, 2015 and December 31, 2014, respectively. Amortization expense totaled $0.1 million for both the three months ended September 30, 2015 and 2014, and $0.4 million for both the nine months ended September 30, 2015 and 2014.