Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.3.1.900
Property and Equipment
12 Months Ended
Dec. 31, 2015
Property and Equipment  
Property and Equipment

4.        Property and Equipment

 

Property and equipment consists of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31,

 

 

    

Estimated Useful Life

    

2015

    

2014

 

Cost:

 

 

 

 

 

 

 

 

 

 

 

 

Computer equipment and software

 

3

years

 

$

44,470

 

$

18,540

 

Office furniture and fixtures

 

7

years

 

 

5,785

 

 

4,993

 

Leasehold improvements

 

Shorter of the lease term or useful life of the asset

 

 

15,123

 

 

10,805

 

Other office equipment

 

5

years

 

 

683

 

 

144

 

 

 

 

 

 

 

 

 

66,061

 

 

34,482

 

Less accumulated depreciation and amortization

 

 

 

 

 

 

 

(37,380)

 

 

(17,853)

 

Property and equipment, net

 

 

 

 

 

 

$

28,681

 

$

16,629

 

 

During 2015, the Company retired fully depreciated property and equipment that were no longer in service in the amount of $5,944. See below for the cost amounts and related accumulated depreciation written off by category:

 

 

 

 

 

 

 

 

 

 

    

    

 

    

Accumulated

 

 

 

Cost

 

Depreciation

 

Computer equipment and software

 

$

5,749

 

$

(5,749)

 

Office furniture and fixtures

 

 

106

 

 

(106)

 

Other office equipment

 

 

68

 

 

(68)

 

Leasehold improvements

 

 

21

 

 

(21)

 

Total property and equipment retirements

 

$

5,944

 

$

(5,944)

 

 

During 2014, the Company retired fully depreciated property and equipment that were no longer in service in the amount of $18,207. See below for the cost amounts and related accumulated depreciation written off by category:

 

 

 

 

 

 

 

 

    

    

 

    

Accumulated

 

 

Cost

 

Depreciation

Computer equipment and software

 

$

15,455

 

$

(15,455)

Leasehold improvements

 

 

1,435

 

 

(1,435)

Office furniture and fixtures

 

 

721

 

 

(721)

Other office equipment

 

 

596

 

 

(596)

Total property and equipment retirements

 

$

18,207

 

$

(18,207)

 

Depreciation and amortization expense was as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

    

 

2015

    

2014

    

2013

 

Depreciation and amortization expense

 

 

$

7,668

 

$

5,910

 

$

5,151