Property and Equipment

12 Months Ended

Dec. 31, 2012

PROPERTY AND EQUIPMENT

Property and equipment consists of the following at December 31, 2012 and 2011 (in thousands):



	2012			2011

Furniture and fixtures	$	472		$	344
Computer hardware and software	586			454
Leasehold improvements	173			165
	1,231			963
Less: accumulated depreciation and amortization	(892		)	(743		)
	$	339		$	220

Depreciation expense was $149,000, $105,000 and $86,000 for the years ended December 31, 2012, 2011 and 2010, respectively. In 2011, the Company retired $232,000 of fully depreciated items held in property and equipment.

- 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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