Annual report [Section 13 and 15(d), not S-K Item 405]

Furniture, Equipment and Leasehold Improvements, Net

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Furniture, Equipment and Leasehold Improvements, Net
12 Months Ended
Dec. 31, 2024
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 December 31, 2024 and December 31, 2023:

 

2024

 

 

2023

 

Leasehold improvements

 

$

9,439

 

 

$

9,439

 

Furniture and equipment

 

 

12,859

 

 

 

11,397

 

Artwork

 

 

619

 

 

 

619

 

Total cost

 

 

22,917

 

 

 

21,455

 

Accumulated depreciation and amortization

 

 

(15,530

)

 

 

(14,033

)

Furniture, equipment and leasehold improvements, net

 

$

7,387

 

 

$

7,422

 

 

Depreciation and amortization expense for the years ended December 31, 2024, 2023 and 2022 was $1,734, $1,476, and $1,191, respectively.

 

During 2024, the Company wrote off assets with a cost of $236 and accumulated depreciation of $236. During 2023, the Company wrote off leased assets with a cost of $103 and accumulated depreciation of $103.