Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.2.0.727
Property and Equipment
6 Months Ended
Jun. 30, 2015
Property, Plant and Equipment [Abstract]  
Property and Equipment
Property and Equipment
Property and equipment consists of the following:
 
June 30,
2015
 
December 31,
2014
Equipment
$
9,046

 
$
8,552

Furniture and fixtures
375

 
375

Leasehold improvements
13,212

 
13,193

Total property and equipment
22,633

 
22,120

Less accumulated depreciation
17,732

 
17,285

Property and equipment, net of accumulated depreciation
4,901

 
4,835

Less impairment charge on classification of property and equipment as assets held for sale
1,350

 

Property and equipment, net of accumulated depreciation and impairment charge
3,551

 
4,835

Property and equipment reclassified to assets held for sale, net
(3,551
)
 
(4,835
)
Property and equipment, net of assets classified as held for sale
$

 
$


Depreciation expense was $124 and $447 for the three and six months ended June 30, 2015, respectively, and $307 and $615 for the three and six months ended June 30, 2014, respectively. As discussed in Note 14, the Company met the relevant criteria for reporting the Service Business as held for sale on May 4, 2015, and as a result, the Company stopped recording depreciation expense on that date and assessed the property and equipment assets for impairment pursuant to FASB Topic 360, Property, Plant, and Equipment.