Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.19.1
Property and Equipment
 12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
Property and Equipment

5. Property and Equipment

 

Property and equipment are stated at cost, net of accumulated depreciation and amortization. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets, generally ranging from three to seven years. Leasehold improvements are amortized over the shorter of their useful lives or the remaining terms of the related leases. The estimated useful lives of property and equipment consist of the following:

 

        December 31,     December 31,  
    Life (years)   2018     2017  
Equipment   3-5   $ 907     $ 907  
Furniture and fixtures   7     32       32  
Leasehold improvements   5 or remaining lease term     241       241  
Total property and equipment       $ 1,180     $ 1,180  
Accumulated depreciation         (1,114 )     (1,052 )
Total property and equipment, net       $ 66     $ 128  

 

Total depreciation expense was $62 and $154 for the years ended December 31, 2018 and 2017, respectively.