Property and Equipment

12 Months Ended

Dec. 31, 2016

Property Plant And Equipment [Abstract]

Property and Equipment

Note 6 – Property 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 five years for furniture, fixtures and office equipment and three years for software and technology assets. 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 (in thousands):

	December 31, 2016			December 31, 2015
Furniture, fixtures and office equipment	$	144		$	95
Software and technology assets		254			245
		398			340
Accumulated depreciation		(242	)		(230	)
Property and equipment, net	$	156		$	110

Depreciation expense related to property and equipment was $56,000 and $49,000 for the years ended December 31, 2016 and 2015, respectively.