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Property and Equipment | 12 Months Ended
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Dec. 31, 2014
Property Plant And Equipment [Abstract] |
Property and Equipment | NOTE 6 – PROPERTY AND EQUIPMENT Property and equipment consisted of the following for the dates presented (in thousands):
|  | As of December 31, |
|  | 2014 |  |  | 2013 |
Land |  | $ | 3,987 |  |  | $ | 1,287 |
Building |  |  | 9,848 |  |  |  | 6,508 |
Leasehold improvements |  |  | — |  |  |  | 17 |
Construction in progress |  |  | 1,427 |  |  |  | — |
Computers |  |  | 2,303 |  |  |  | 619 |
Furniture |  |  | 1,286 |  |  |  | 1,112 |
Automobiles and other vehicles |  |  | 3,454 |  |  |  | 3,067 |
Software |  |  | 653 |  |  |  | 2,055 |
Total cost |  |  | 22,958 |  |  |  | 14,665 |
Less: Accumulated depreciation |  |  | (5,704 | ) |  |  | (5,376 | )
Property and equipment, net |  | $ | 17,254 |  |  | $ | 9,289 |
On July 12, 2013, UPCIC entered into a lease agreement (“Lease Agreement”) for an office building adjacent to its principal office in Fort Lauderdale, Florida (“Property”). The Company took possession of the Property and began making monthly rental payments on the Lease Agreement in October 2013. Also on July 12, 2013, UPCIC entered into a purchase agreement to acquire the Property and completed the closing on the acquisition in December 2014 for approximately $6.0 million. The Property is currently reflected in land, building and construction in progress and will be placed into service once construction is complete. Depreciation and amortization was $1.2 million, $1.0 million and $840 thousand for the years ended December 31, 2014, 2013 and 2012, respectively. The following table provides realized gains (losses) on the disposal of property and equipment for the periods presented (in thousands):
|  | Year Ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
Realized gain (loss) on disposal |  | $ | (19 | ) |  | $ | (10 | ) |  | $ | (6 | )

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- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2921-110230 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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