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FIXED ASSETS

9 Months Ended

Sep. 30, 2013

16 - FIXED ASSETS

Fixed assets consist of the following:

	September 30, 2013		December 31, 2012
Fixed assets, at cost:
Vessel equipment	$	3,622	$	3,043
Leasehold improvements		3,823		3,823
Furniture and fixtures		997		997
Computer equipment		754		706
Total costs		9,196		8,569
Less: accumulated depreciation and amortization		3,998		3,311
Total	$	5,198	$	5,258

Depreciation and amortization expense for fixed assets for the three months ended September 30, 2013 and 2012 was $233 and $230, respectively. Depreciation and amortization expense for fixed assets for the nine months ended September 30, 2013 and 2012 was $687 and $655, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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