Property, Plant and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Text Block]

Note 16 – Property, Plant and Equipment

     Property and equipment are recorded at historical cost. Depreciation is provided for in amounts sufficient to relate the cost of depreciable assets to operations over their estimated service lives on a straight-line basis. Leasehold improvements are amortized over the useful life of the asset or the lease term, whichever is shorter. Estimated service lives are 5 years for furniture, fixtures and office equipment and 3 years for software and information systems. Expenditures for repairs and maintenance not considered to substantially lengthen the life of the asset or increase capacity or efficiency are charged to expense as incurred.

     The following summarizes the components of the Company’s property and equipment:

		December 31,			December 31,
		2014			2013
Furniture, fixtures and office equipment	$	178		$	30
Software and information systems		199			22
Leasehold improvements		24			81
		401			133
Accumulated depreciation		(251	)		(101	)
Property, plant and equipment, net	$	150		$	32

     Depreciation expense related to property, plant and equipment, and charged to operations, was $23 and $19 for 2014 and 2013, respectively.