Property and Equipment

6 Months Ended

Jun. 30, 2012

Note 3-Property and Equipment

Property and equipment, net, is comprised of the following:

	As of
	June 30,			December 31,
	2012			2011
	(in thousands)

Leasehold Improvements	$	1,162		$	1,100
Computer Hardware		965			972
Furniture and Fixtures		788			788
Office Equipment		271			271
Computer Software		214			214
Total		3,400			3,345
Less: Accumulated Depreciation and Amortization		(2,593	)		(2,516	)
Total	$	807		$	829

Depreciation is included in general and administrative expense and totaled $0.1 million for each of the three months ended June 30, 2012 and 2011. Such expenses totaled $0.1 million and $0.2 million, respectively, for the six months ended June 30, 2012 and 2011.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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