Property And Equipment

12 Months Ended

Dec. 31, 2012

Note 6 — Property and Equipment

Property and equipment consisted of the following (in thousands):


	December 31,
	2012		2011
Office equipment	$	1,379	$	1,098
Leasehold improvements		1,647		922
Office furniture and fixtures		606		617
Software		204		198
Vehicle		68		68
		3,904		2,903
Less accumulated depreciation		(2,527)		(1,919)
Net property and equipment	$	1,377	$	984

Depreciation expense was $0.6 million for the year ended December 31, 2012, and was $0.3 million for each of the years ended December 31, 2011 and 2010.

- 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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