PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

Property and equipment consist of the following as of December 31, 2015 and 2014:

	2015			2014
	(in thousands)
Computer equipment and purchased software (3 years)	$	1,378		$	1,372
Internally developed software either placed or not yet placed in service  (5 years)		1,101			907
Furniture and fixtures and leasehold improvements (5 – 7 years)		159			156
		2,638			2,435
Less: accumulated depreciation and amortization		(1,704	)		(1,415	)
Property and equipment, net	$	934		$	1,020

Depreciation and amortization expense related to property and equipment for the years ended December 31, 2015 and 2014 was approximately $289,000 and $327,000, respectively.