Quarterly report [Sections 13 or 15(d)]

Furniture, Equipment and Leasehold Improvements, Net

v3.25.3
Furniture, Equipment and Leasehold Improvements, Net
9 Months Ended
Sep. 30, 2025
Property, Plant and Equipment [Abstract]  
Furniture, Equipment and Leasehold Improvements, Net

5. FURNITURE, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET

The following is a summary of furniture, equipment and leasehold improvements, net as of September 30, 2025 and December 31, 2024:

 

September 30,
2025

 

 

December 31,
2024

 

Leasehold improvements

 

$

9,601

 

 

$

9,439

 

Furniture and equipment

 

 

14,376

 

 

 

12,859

 

Artwork

 

 

619

 

 

 

619

 

Total cost

 

 

24,596

 

 

 

22,917

 

Accumulated depreciation and amortization

 

 

(16,963

)

 

 

(15,530

)

Furniture, equipment and leasehold improvements, net

 

$

7,633

 

 

$

7,387

 

 

Depreciation expense for the three months ended September 30, 2025 and 2024 was $478 and $434, respectively. Depreciation expense for the nine months ended September 30, 2025 and 2024 was $1,435 and $1,301, respectively.

During the three and nine months ended September 30, 2024, the Company wrote off assets with a cost of $236 and accumulated depreciation of $236.