Equipment, Furniture and Leasehold Improvements

12 Months Ended

Dec. 31, 2012

Equipment, Furniture and Leasehold Improvements

Equipment, Furniture and Leasehold Improvements

4. Equipment, Furniture and Leasehold Improvements

Equipment, furniture and leasehold improvements consist of the following at December 31 (in thousands):

	2012		2011
Equipment	$	488	$	414
Office furniture and fixtures	218		218
Leasehold improvements	4		4
	710		636
Less accumulated depreciation and amortization	643		600
	$	67	$	36

Depreciation expense was $43,000 and $9,000 for the years ended December 31, 2012 and 2011, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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