Property and Equipment

12 Months Ended

Dec. 31, 2012

Notes to Financial Statements

5. Property and Equipment

The components of property and equipment as of December 31, at cost are:

	2012			2011
Computers	$	9,000		$	7,000
Office furniture and equipment		94,000			94,000
Leasehold improvements		229,000			229,000
Total cost		332,000			330,000
Accumulated depreciation and amortization		(308,000	)		(245,000	)
Property and equipment, net	$	24,000		$	85,000

The Company’s depreciation expense for the years ended December 31, 2012 and 2011 was $64,000 and $66,000, respectively.