Annual report pursuant to Section 13 and 15(d)

Note 6 - Property and Equipment

v3.7.0.1
Note 6 - Property and Equipment
 12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]
6.
   Property and Equipment
 
Property and equipment consisted of the following as of
December
 
31,
2016
and
2015:
 
 
 
December 31,
 
 
 
2016
 
 
2015
 
Furniture and fixtures
   $
667
    $
2,862
 
Office equipment
    
1,503
     
2,475
 
Computer equipment
    
3,473
     
3,476
 
Internal-use software
    
113
     
7,438
 
Leasehold improvements
    
878
     
4,762
 
     
6,634
     
21,013
 
Less accumulated depreciation
    
(5,705
 )    
(19,553
 )
    $
929
    $
1,460
 
 
 
Depreciation expense from continuing operations was approximately
$0.5
million and
$0.6
million for the years ended
December
 
31,
2016
and
2015,
respectively.  There was no internal-use software amortization expense included in depreciation and amortization expense for either period as that was all recorded in discontinued operations. During the year ended
December
 
31,
2015,
the Company recorded a non-cash charge of approximately
$0.6
million for the write-down of fixed assets within
Loss from discontinued operations
based on the decision to sell the Commercial Services business. As of
December
 
31,
2016,
there was
no
unamortized balance of capitalized external-use software.
 
The decrease in gross property and equipment and accumulated depreciation in
2016
was the result of the expiration of the leases on the Company’s former office buildings and the removal of the assets associated with those buildings as well as the removal of obsolete software. These amounts were fully depreciated and had no impact on the statement of comprehensive loss in
2016.