Quarterly report pursuant to Section 13 or 15(d)

Furniture, Equipment and Leasehold Improvements, Net

v3.19.1
Furniture, Equipment and Leasehold Improvements, Net
3 Months Ended
Mar. 31, 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 March 31, 2019 and December 31, 2018:

 

 

  

March 31,

2019

 

 

December 31,

2018

 

Leasehold improvements

  

$

5,285

 

 

$

5,229

  

Furniture and equipment

  

 

5,458

 

 

 

6,022

  

Artwork

  

 

485

 

 

 

483

  

Total cost

  

 

11,228

 

 

 

11,734

  

Accumulated depreciation and amortization

  

 

(7,966

)

 

 

(8,298

)

Furniture, equipment and leasehold improvements, net

  

$

3,262

 

 

$

3,436

  

 

Depreciation expense for the three months ended March 31, 2019 and 2018 was $163 and $188, respectively.

 

During the three months ended March 31, 2019, the Company wrote off leased assets of $310 that were fully depreciated as of March 31, 2019.