Property and Equipment, Net

6 Months Ended

Jun. 30, 2015

Property, Plant and Equipment [Abstract]

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:



	June 30, 2015			December 31, 2014
Land	$	2,114		$	2,114
Building	1,469			1,469
Computer hardware and software	10,686			6,001
Office furniture and equipment	1,337			1,319
Leasehold improvements	141			141
Total, at cost	15,747			11,044
Less: accumulated depreciation and amortization	(3,471		)	(3,022		)
Property and equipment, net	$	12,276		$	8,022

Depreciation and amortization expense under property and equipment was $112,000 and $161,000 for the three months ended June 30, 2015 and 2014, respectively and $451,000 and $327,000 for the six months ended June 30, 2015 and 2014, respectively.