Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT, NET

v3.20.1
PROPERTY AND EQUIPMENT, NET
 12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET
PROPERTY AND EQUIPMENT, NET
Property and equipment, net, consists of the following as of December 31, 2019 and 2018:
 
2019
 
2018
Cost:
 

 
 
Computers, peripheral and scientific equipment
$
1,654,000

 
$
1,350,000

Software
2,131,000

 
1,749,000

Leasehold improvements
310,000

 
294,000

Office furniture and equipment
424,000

 
391,000

 
4,519,000

 
3,784,000

Less: Accumulated depreciation and amortization
(2,634,000
)
 
(1,797,000
)
Property and equipment, net
$
1,885,000

 
$
1,987,000


Depreciation for the years ended December 31, 2019 and December 31, 2018 was $870,000 and $704,000, respectively. Cost basis of assets disposed for the years ended December 31, 2019 and December 31, 2018 was $31,000 and $773,000, respectively. The disposals in 2018 were primarily a result of relocating our corporate offices and writing off the fully amortized leasehold improvements related to our former office.