Quarterly report pursuant to Section 13 or 15(d)

Furniture, Equipment and Leasehold Improvements, Net

v3.23.2
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:

 

June 30,
2023

 

 

December 31,
2022

 

Leasehold improvements

 

$

9,380

 

 

$

7,859

 

Furniture and equipment

 

 

10,309

 

 

 

9,213

 

Artwork

 

 

533

 

 

 

505

 

Total cost

 

 

20,222

 

 

 

17,577

 

Accumulated depreciation and amortization

 

 

(13,288

)

 

 

(12,556

)

Furniture, equipment and leasehold improvements, net

 

$

6,934

 

 

$

5,021

 

 

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.