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 Plant And Equipment [Abstract]  
Property and Equipment
9. Property and Equipment
 
Property and equipment consisted of the following:
 
 
 
 
As of September 30,
 
As of December 31,
 
($ in thousands)
 
Useful Life (Years)
 
2015
 
2014
 
Computer equipment
 
 
3
 
$
13
 
$
13
 
Furniture & fixtures
 
 
5
 
 
69
 
 
69
 
Leasehold improvements
 
 
5
 
 
12
 
 
12
 
Construction in progress
 
 
N/A
 
 
94
 
 
-
 
Total property and equipment
 
 
 
 
 
188
 
 
94
 
Less: Accumulated depreciation
 
 
 
 
 
(59)
 
 
(42)
 
Property and equipment, net
 
 
 
 
$
129
 
$
52
 
 
Depreciation expense for the three months ended September 30, 2015 and 2014 was approximately $5,700 and $6,000, respectively. Depreciation expense for the nine months ended September 30, 2015 and 2014 was approximately $17,100 and $17,000, respectively.