Furniture, Equipment and Leasehold Improvements, Net
|9 Months Ended|
Sep. 30, 2019
|Property Plant And Equipment [Abstract]|
|Furniture, Equipment and Leasehold Improvements, Net||
6. FURNITURE, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET
The following is a summary of furniture, equipment and leasehold improvements, net as of September 30, 2019 and December 31, 2018:
Depreciation expense for the three months ended September 30, 2019 and 2018 was $267 and $179, respectively. Depreciation expense for the nine months ended September 30, 2019 and 2018 was $815 and $567, respectively.
During the three and nine months ended September 30, 2019, the Company wrote off leased assets of $0 and $310 that were fully depreciated as of September 30, 2019. During the three and nine months ended September 30, 2018, the Company disposed of computer equipment with a cost of $989 and accumulated depreciation of $952.
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.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef