Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
 6 Months Ended
Jun. 30, 2019
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

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

 

   

June 30,

2019

(unaudited)

    

December 31,

2018

  
     
Furniture and fixtures   $ 325,000     $ 207,000  
Computer hardware     3,111,000       3,195,000  
      3,436,000       3,402,000  
Less: accumulated depreciation     (3,164,000 )     (2,871,000 )
Property and equipment, net   $ 272,000     $ 531,000  

 

Depreciation expense for property and equipment was $43,000,000 and $293,000 for the three and six months ended June 30, 2019, respectively. Depreciation expense for property and equipment was $221,000 and $431,000 for the three and six months ended June 30, 2018, respectively.