PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2013

Note 3 – Property and Equipment

Property and equipment consist of the following at March 31, 2013 and December 31, 2012:

									Estimated
	2013				2012				Useful Lives
	(in thousands)
Computer equipment and purchased software		$	4,937			$	5,056		3 years
Furniture and fixtures and leasehold improvements			133				91		5 - 7 years
			5,070				5,147
Less: accumulated depreciation and amortization			(4,474	)			(4,532	)
Property and Equipment, Net		$	596			$	615

Depreciation and amortization expense related to property and equipment for the three months ended March 31, 2013 and 2012 was approximately $98,000 and $81,000, 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.

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