Property and Equipment, Net

6 Months Ended

Jun. 30, 2013

5. Property and Equipment, Net

	December 31, 2012			June 30, 2013
				(unaudited)
Cost:
Furniture and fixtures	$	765		$	1,075
Computer hardware	2,885			3,610
Office equipment	28			36
Computer software	545			585
Leasehold improvements	849			1,170
	5,072			6,476
Accumulated depreciation	(3,077		)	(3,634		)
Property and equipment, net	$	1,995		$	2,842

The depreciation expense related to property and equipment was $261 and $275 for the three months ended June 30, 2012 and 2013, respectively, and $507 and $557 for the six months ended June 30, 2012 and 2013, respectively.

There were no write-offs of fixed assets for the three and six months ended June 30, 2012 and 2013. For the six months ended June 30, 2012 the Company recorded a reduction of $229 to the cost and accumulated depreciation of fully depreciated equipment and leasehold improvements no longer in use.

- 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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