Property and Equipment, Net

3 Months Ended

Mar. 31, 2013

Note 5—Property and Equipment, Net

Property and equipment, net at March 31, 2013 and December 31, 2012 is summarized below:


	March 31, 2013			December 31, 2012
	(In thousands)
Office equipment	$	3,078		$	3,071
Office equipment—capital leases		231			231
Leasehold improvements		3,015			3,015

		6,324			6,317
Accumulated depreciation and amortization		(4,408	)		(4,267	)

Total	$	1,916		$	2,050

Depreciation and amortization expense was approximately $0.1 million for each of the three-month periods ended March 31, 2013 and 2012, respectively.

- 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.

+ References+ Details