Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.20.1
Property and Equipment
12 Months Ended
Dec. 31, 2019
Property Plant And Equipment [Abstract]  
Property and Equipment

8. PROPERTY AND EQUIPMENT

Property and equipment consisted of the following (in thousands):

 

 

 

 

 

 

 

Accumulated

 

 

Net Book

 

 

 

Cost

 

 

Depreciation

 

 

Value

 

December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

Computer equipment

 

$

237

 

 

$

213

 

 

$

24

 

Furniture and fixtures

 

 

42

 

 

 

42

 

 

 

 

Leasehold improvements

 

 

36

 

 

 

16

 

 

 

20

 

Computer software

 

 

335

 

 

 

327

 

 

 

8

 

Equipment under capital lease

 

 

7

 

 

 

2

 

 

 

5

 

Total property and equipment

 

$

657

 

 

$

600

 

 

$

57

 

 

 

Impairment of Long-Lived Assets

 

We review long-lived assets for impairment whenever events or changes in circumstances indicate that the asset’s carrying amount may not be recoverable. We conduct our long-lived asset impairment analyses in accordance with ASC 360-10-15, “Impairment or Disposal of Long-Lived Assets.” ASC 360-10-15 requires us to group assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities and evaluate the asset group against the sum of the undiscounted future cash flows. If the undiscounted cash flows do not indicate the carrying amount of the asset is recoverable, an impairment charge is measured as the amount by which the carrying amount of the asset group exceeds its fair value based on discounted cash flow analysis or appraisals.