Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

Property and Equipment

6 Months Ended

Jun. 30, 2015

Property, Plant and Equipment [Abstract]

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.