Property and Equipment, Net

9 Months Ended

Sep. 30, 2013

5. Property and Equipment, Net

	September 30,			December 31,
	2013			2012
	(unaudited)
Cost:
Computer hardware	$	3,343		$	2,885
Leasehold improvements	1,219			849
Furniture and fixtures	1,077			765
Computer software	475			545
Office equipment	61			28
	6,175			5,072
Accumulated depreciation	(3,342		)	(3,077		)
Total property and equipment, net of accumulated depreciation	$	2,833		$	1,995

The depreciation expense related to property and equipment was $362 and $342 for the three months ended September 30, 2013 and 2012, respectively, and $919 and $849 for the nine months ended September 30, 2013 and 2012, respectively.

The Company recorded a reduction of $654 and $229 to the cost and accumulated depreciation of fully depreciated equipment and leasehold improvements no longer in use for the nine months ended September 30, 2013 and 2012, respectively.

- 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.

+ References+ Details