Furniture, Equipment and Leasehold Improvements, Net
|6 Months Ended|
Jun. 30, 2023
|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 June 30, 2023 and December 31, 2022:
Depreciation expense for the three months ended June 30, 2023 and 2022 was $432 and $296, respectively. Depreciation expense for the six months ended June 30, 2023 and 2022 was $731 and $580, respectively.
During the three and six months ended June 30, 2023, the Company did not write off any leased assets. During the three and six months ended June 30, 2022, the Company wrote off leased assets of $24, with accumulated depreciation of $24.
The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef