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FIXED ASSETS

3 Months Ended

Mar. 31, 2014

16 - FIXED ASSETS

Fixed assets consist of the following:

	March 31, 2014		December 31, 2013
Fixed assets, at cost:
Vessel equipment	$	3,576	$	4,323
Leasehold improvements	2,679		2,679
Furniture and fixtures	786		786
Computer equipment	794		754
Total costs	7,835		8,542
Less: accumulated depreciation and amortization	3,653		3,438
Total	$	4,182	$	5,104

Depreciation and amortization expense for fixed assets for the three months ended March 31, 2014 and 2013 was $219 and $228, respectively. Refer to Note 4 — Cash Flow Information for information regarding the reclassification from fixed assets to vessels assets during the three months ended March 31, 2014.

- 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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