Property and Equipment

12 Months Ended

Dec. 31, 2015

PROPERTY AND EQUIPMENT

The components of property and equipment were as follows (in thousands):



	For the Years Ended December 31,
	2015			2014
	(In thousands)
Office equipment leasehold improvements and furniture	$	325		$	84
Less accumulated depreciation	(68		)	(18		)
Property and equipment	$	257		$	66

Depreciation expense for the years ended December 31, 2015 and 2014 was approximately $50,000 and $15,000, respectively.

The Company incurred approximately $34,000 in expense for the disposal of assets held in its prior headquarters in New York.