Property and Equipment

3 Months Ended

Mar. 31, 2015

Property, Plant and Equipment Disclosure [Text Block]

6) PROPERTY AND EQUIPMENT, NET

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, Florida. 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. We are depreciating the building over its expected useful life of 39 years.

Property and equipment, net consists of the following:



	March 31, 2015			December 31, 2014
Land	$	2,114		$	2,114
Building	1,469			1,469
Computer hardware and software	8,489			6,001
Office furniture and equipment	1,337			1,319
Leasehold improvements	141			141
Total, at cost	13,550			11,044
Less: accumulated depreciation and amortization	(3,361		)	(3,022		)
Property and equipment, net	$	10,189		$	8,022

Depreciation and amortization expense under property and equipment was $339,000 and $166,000 respectively, for the three months ended March 31, 2015 and 2014.

- 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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