PROPERTY AND EQUIPMENT

9 Months Ended

Sep. 30, 2016

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

Property and equipment (with their respective useful lives) consist of the following at September 30, 2016 and December 31, 2015 (in thousands):

	2016			2015
Computer equipment and purchased software (3 years)	$	1,449		$	1,378
Internally developed software either placed or not yet placed in service (5 years)		1,499			1,101
Furniture and fixtures and leasehold improvements (5 – 7 years)		161			159
		3,109			2,638
Less: accumulated depreciation and amortization		(1,880	)		(1,704	)
Property and equipment, net	$	1,229		$	934

Depreciation and amortization expense related to property and equipment for the three months ended September 30, 2016 and 2015 was approximately $56,000 and $64,000, respectively.

Depreciation and amortization expense related to property and equipment for the nine months ended September 30, 2016 and 2015 was approximately $176,000 and $220,000, respectively.