PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2011

Notes to Financial Statements

Note 7. PROPERTY AND EQUIPMENT

Property and equipment at December 31, 2011 and 2010, consists of:

($ in thousands)	2011			2010
Equipment	$	770		$	820
Furniture		66			66
		836			886
Less accumulated depreciation		(818	)		(867	)
	$	18		$	19

During the year ended December 31, 2010, the Company disposed of Leasehold Improvements of approximately $31,000 net of accumulated amortization of $31,000; furniture of $96,000 net of accumulated depreciation of $96,000 and equipment of $669,000 net of accumulated depreciation of $669,000. Disposals during the year ended December 31, 2011 were insignificant.

Total depreciation expense for the years ended December 31, 2011 and 2010 was approximately $13,000 and $35,000, respectively.