Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.4.0.3
Property and Equipment
 3 Months Ended
Mar. 31, 2016
Property and Equipment  
Property and Equipment

4.      Property and Equipment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31,

    

December 31,

 

    

Estimated Useful Life

    

2016

    

2015

Cost:

 

 

 

 

 

 

 

 

 

Computer equipment and software

 
3

years

 

$
44,177

 

$
44,470

Office furniture and fixtures

 
7

years

 

 
5,795

 

 
5,785

Leasehold improvements

 

Shorter of the lease term or useful life of the asset

 

 
15,523

 

 
15,123

Other office equipment

 
5

years

 

 
743

 

 
683

 

 

 

 

 

 
66,238

 

 
66,061

Less accumulated depreciation and amortization

 

 

 

 

 
(39,116)

 

 
(37,380)

Property and equipment, net

 

 

 

 

$
27,122

 

$
28,681

 

During the three months ended March 31, 2016, the Company retired fully depreciated property and equipment that were no longer in service in the amount of $1,623.

 

Depreciation and amortization expense was as follows:

 

 

 

 

 

 

 

 

 

 

March 31,

 

    

2016

    

2015

Depreciation and amortization expense

 

$
3,359

 

$
1,600