Quarterly report pursuant to Section 13 or 15(d)

Fixed Assets

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Fixed Assets
3 Months Ended
Mar. 31, 2016
Fixed Assets [Abstract]  
FIXED ASSETS

NOTE 5 – FIXED ASSETS

 

Fixed assets at March 31, 2016 and December 31, 2015 consisted of the following:

 

(In thousand $)   March 31,
2016
    December 31,
2015
 
Furniture, fixtures and equipment   $ 116     $ 116  
Computers and software     66       66  
Leasehold improvements     239       239  
Other     7       7  
Total fixed assets     428       428  
Less: accumulated depreciation and amortization     (155 )     (141 )
Net book value of fixed assets   $ 273     $ 287  

 

Depreciation and amortization expense was $14 and $12 for the three months ended March 31, 2016 and 2015, respectively. Repairs and maintenance costs are expensed as incurred.