Quarterly report pursuant to Section 13 or 15(d)

3. PROPERTY AND EQUIPMENT

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3. PROPERTY AND EQUIPMENT
 9 Months Ended
Sep. 30, 2019
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

Property and equipment consisted of the following for the periods presented:

   

September 30,

2019

    

December 31,

2018

  
    (Unaudited)        
Furniture and fixtures   $ 332,000     $ 297,000  
Computer hardware     3,126,000       3,105,000  
      3,458,000       3,402,000  
Less: accumulated depreciation     (3,201,000 )     (2,871,000 )
Property and equipment, net   $ 257,000     $ 531,000  

 

Depreciation expense for property and equipment was $38,000 and $330,000 for the three and nine months ended September 30, 2019, respectively. Depreciation expense for property and equipment was $190,000 and $620,000 for the three and nine months ended September 30, 2018, respectively.