Property and equipment Property and equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment Disclosure [Text Block]

7) PROPERTY AND EQUIPMENT, NET

Property and equipment, net consists of the following:



	Year Ended December 31,
	2014		2013
Property	3,583		—
Computer hardware and software	6,001		3,433
Office furniture and equipment	1,319		1,124
Leasehold improvements	141		141
Total, at cost	11,044		4,698
Less: accumulated depreciation and amortization	(3,022	)	(2,290	)
Property and equipment, net	8,022		2,408

On September 5, 2014, we entered into a purchase and sale agreement to acquire approximately 40,000 square feet of commercial office space and associated property in St. Petersburg, FL. At acquisition, the real estate consisted of approximately 2.3 acres of land and an office building, plus an additional 1.5 acres of leased parking space.

Depreciation and amortization expense under property and equipment was $731,000, $697,000 and $684,000, respectively, for the years ended December 31, 2014, 2013 and 2012.

- 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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