Property and Equipment

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

Property and equipment consists of the following at December 31, 2013 and 2012 (in thousands):



	2013			2012

Furniture and fixtures	$	783		$	472
Computer hardware and software	687			586
Leasehold improvements	306			173
	1,776			1,231
Less: accumulated depreciation and amortization	(1,010		)	(892		)
	$	766		$	339

Depreciation expense was $236,000, $149,000 and $105,000 for the years ended December 31, 2013, 2012 and 2011, respectively. In 2013, we retired $130,000 of items held in property and equipment and recorded a $12,000 loss on disposal.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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