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Property and Equipment
12 Months Ended
Dec. 31, 2018
Property Plant And Equipment [Abstract]  
Property and Equipment

(7) Property and Equipment

Property and Equipment

Property and equipment are stated at cost. Repairs and maintenance are charged to expense when incurred.

Depreciation on property and equipment is calculated using the straight-line method over the estimated useful lives of the assets, generally two to ten years. Leasehold improvements are amortized using the straight-line method over the shorter of the estimated useful life or the lease term.

 

 

 

December 31,

 

 

December 31,

 

 

 

2018

 

 

2017

 

Office furniture and fixtures

 

$

1,626

 

 

$

1,551

 

Software

 

 

3,686

 

 

 

3,068

 

Equipment

 

 

4,814

 

 

 

4,390

 

Leasehold improvements

 

 

1,721

 

 

 

1,720

 

Gross property and equipment

 

 

11,847

 

 

 

10,729

 

Less accumulated depreciation and amortization

 

 

(7,892

)

 

 

(6,493

)

Property and equipment, net

 

$

3,955

 

 

$

4,236

 

 

Leases

Future minimum lease payments under non-cancelable operating leases are as follows:

 

 

 

Operating

 

Year ending December 31:

 

Leases

 

2019

 

$

1,055

 

2020

 

 

899

 

2021

 

 

838

 

2022

 

 

862

 

2023

 

 

867

 

Thereafter

 

 

218

 

Total minimum lease payments

 

$

4,739

 

 

Rent expense on the operating leases was as follows:

 

 

 

Year Ended

 

 

Year Ended

 

 

 

December 31,

 

 

December 31,

 

 

 

2018

 

 

2017

 

Rent expense

 

$

1,104

 

 

$

1,194