NOTE 5 – FIXED ASSETS

Fixed assets at September 30, 2017 and December 31, 2016 consisted of the following:

(In thousand $)	September 30, 2017			December 31, 2016
Furniture, fixtures and equipment	$	116		$	116
Computers and software		66			66
Leasehold improvements		239			239
Other		7			7
Total fixed assets		428			428
Less: accumulated depreciation		(234	)		(195	)
Net book value of fixed assets	$	194		$	233

Depreciation expense was $13 and $14 for the three months ended September 30, 2017 and 2016, respectively, and $39 and $41 for the nine months ended September 30, 2017 and 2016, respectively. Repairs and maintenance costs are expensed as incurred.