PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2016

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

Property and equipment consist of the following at March 31, 2016 and December 31, 2015:

	2016			2015
	(in thousands)
Computer equipment and purchased software (3 years)	$	1,428		$	1,378
Internally developed software either placed or not yet placed in service  (5 years)		1,201			1,101
Furniture and fixtures and leasehold improvements (5 – 7 years)		159			159
		2,788			2,638
Less: accumulated depreciation and amortization		(1,765	)		(1,704	)
Property and equipment, net	$	1,023		$	934

Depreciation and amortization expense related to property and equipment for the three months ended March 31, 2016 and 2015 was approximately $61,000 and $80,000, respectively.