PROPERTY AND EQUIPMENT

9 Months Ended

Sep. 30, 2015

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

Note 3 – Property and Equipment

Property and equipment (with their respective useful lives) consist of the following at September 30, 2015 and December 31, 2014 (in thousands):

	2015			2014
Computer equipment and purchased software (3 years)	$	1,372		$	1,372
Internally developed software either placed or not yet placed in service  (5 years)		1,075			907
Furniture and fixtures and leasehold improvements (5 – 7 years)		156			156
		2,603			2,435
Less: accumulated depreciation and amortization		(1,635	)		(1,415	)
Property and equipment, net	$	968		$	1,020

Depreciation and amortization expense related to property and equipment for the three months ended September 30, 2015 and 2014 was approximately $64,000 and $83,000, respectively.

Depreciation and amortization expense related to property and equipment for the nine months ended September 30, 2015 and 2014 was approximately $220,000 and $249,000, respectively.