Property and equipment

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment Disclosure [Text Block]

PROPERTY AND EQUIPMENT, NET

Property and equipment, net consists of the following:



	Year Ended December 31,
	2015			2014
Land	$	2,114		$	2,114
Building and building improvements	4,298			1,469
Computer hardware and software	13,574			6,001
Office furniture and equipment	1,831			1,319
Leasehold improvements	141			141
Total, at cost	21,958			11,044
Less: accumulated depreciation and amortization	(4,823		)	(3,022		)
Property and equipment, net	$	17,135		$	8,022

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.

On September 9, 2015, we entered into a purchase and sale agreement to acquire approximately 7,800 square feet of commercial office space in St. Petersburg, Florida. We are depreciating the building over its expected useful life of 39 years.

Depreciation and amortization expense under property and equipment was $1,803,000, $731,000 and $697,000, respectively, for the years ended December 31, 2015, 2014 and 2013.