PROPERTY AND EQUIPMENT (Tables)

3 Months Ended

Mar. 31, 2014

Property and equipment consist of the following at March 31, 2014 and December 31, 2013:

	2014			2013
	(in thousands)
Computer equipment and purchased software (3 years)	$	1,362		$	1,361
Internally developed software not yet placed in service (3 years)		601			433
Furniture and fixtures and leasehold improvements (5 – 7 years)		147			146
		2,110			1,940
Less: accumulated depreciation and amortization		(1,171	)		(1,088	)
Property and equipment, net	$	939		$	852

- Definition

Tabular disclosure of the useful life and salvage value of 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.

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