Property and Equipment, Net

12 Months Ended

Dec. 31, 2013

7. Property and Equipment, Net

Property and equipment consisted of the following:

	Year ended December 31,

	2013			2012
Equipment	$	4,868		$	5,151
Furniture and fixtures		227			227
Leasehold improvements		2,652			2,641
Software		381			381


Total property and equipment, at cost		8,128			8,400
Less: Accumulated depreciation		(7,335	)		(7,042	)


Property and equipment, net	$	793		$	1,358

Depreciation expense for the years ended December 31, 2013, 2012, and 2011 was $928, $1,298 and $1,507 respectively. The Company had no equipment under capital leases as of December 31, 2013 or 2012.

- 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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