Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.3.0.814
Property and Equipment
9 Months Ended
Sep. 30, 2015
Property and Equipment  
Property and Equipment

4. Property and Equipment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

December 31,

 

 

    

Estimated Useful Life

    

2015

    

2014

 

Cost:

 

 

 

 

 

 

 

 

 

 

 

 

Office furniture and fixtures

 

 

 

7

years

 

$

5,307

 

$

4,993

 

Computer equipment and software

 

 

 

3

years

 

 

23,292

 

 

18,540

 

Other office equipment

 

 

 

5

years

 

 

194

 

 

144

 

Leasehold improvements

 

 

 

 

Shorter of the lease term or useful life of the asset

 

 

12,183

 

 

10,805

 

 

 

 

 

 

 

 

 

40,976

 

 

34,482

 

Less accumulated depreciation and amortization

 

 

 

 

 

 

 

(22,515)

 

 

(17,853)

 

Property and equipment, net

 

 

 

 

 

 

$

18,461

 

$

16,629

 

 

During the nine months ended September 30, 2015, the Company retired fully depreciated property and equipment that were no longer in service with cost and accumulated depreciation amounts of $564.  

 

Depreciation and amortization expense was as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

 

    

2015

    

2014

    

2015

    

2014

 

Depreciation and amortization expense

 

$

1,967

 

$

1,400

 

$

5,100

 

$

4,442