Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT, NET

v3.3.1.900
PROPERTY AND EQUIPMENT, NET
12 Months Ended
Dec. 31, 2015
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET
PROPERTY AND EQUIPMENT, NET
Property and equipment, net consists of the following:
 
2014
 
2015
Cost:
 

 
 
Computers, peripheral and scientific equipment
$
145,000

 
$
360,000

Software
464,000

 
644,000

Leasehold Improvements
283,000

 
476,000

Office furniture and equipment
175,000

 
184,000

Construction-in-process
182,000

 

 
1,249,000

 
1,664,000

Less accumulated depreciation and amortization
(208,000
)
 
(672,000
)
Property and equipment, net
$
1,041,000

 
$
992,000


Depreciation expense for the years ended December 31, 2014 and December 31, 2015 was $200,000 and $464,000, respectively. No property was disposed of in 2014 or 2015.