Quarterly report pursuant to Section 13 or 15(d)

Furniture, Equipment and Leasehold Improvements, Net

v3.20.1
Furniture, Equipment and Leasehold Improvements, Net
3 Months Ended
Mar. 31, 2020
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, 2020 and December 31, 2019:

 

 

  

March 31,

2020

 

 

December 31,

2019

 

Leasehold improvements

  

$

7,833

 

 

$

7,783

  

Furniture and equipment

  

 

6,664

 

 

 

6,541

  

Artwork

  

 

502

 

 

 

502

  

Total cost

  

 

14,999

 

 

 

14,826

  

Accumulated depreciation and amortization

  

 

(9,084

)

 

 

(8,811

)

Furniture, equipment and leasehold improvements, net

  

$

5,915

 

 

$

6,015

  

 

Depreciation expense for the three months ended March 31, 2020 and 2019 was $273 and $163, 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.