Quarterly report pursuant to Section 13 or 15(d)

Fixed Assets

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Fixed Assets
6 Months Ended
Jun. 30, 2017
Fixed Assets [Abstract]  
FIXED ASSETS

NOTE 5 – FIXED ASSETS

 

Fixed assets at June 30, 2017 and December 31, 2016 consisted of the following:

 

(In thousand $)   June 30,
2017
    December 31,
2016
 
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     (221 )     (195 )
Net book value of fixed assets   $ 207     $ 233  

 

Depreciation expense was $13 and $14 for the three months ended June 30, 2017 and 2016, respectively, and $26 and $28 for the six months ended June 30, 2017 and 2016, respectively. Repairs and maintenance costs are expensed as incurred.