Quarterly report [Sections 13 or 15(d)]

Furniture, Equipment and Leasehold Improvements, Net

v3.26.1
Furniture, Equipment and Leasehold Improvements, Net
6 Months Ended
Jun. 30, 2026
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 June 30, 2026 and December 31, 2025:

 

June 30,
2026

 

 

December 31,
2025

 

Leasehold improvements

 

$

7,343

 

 

$

6,393

 

Furniture and equipment

 

 

16,478

 

 

 

16,330

 

Artwork

 

 

659

 

 

 

619

 

Total cost

 

 

24,480

 

 

 

23,342

 

Accumulated depreciation and amortization

 

 

(16,871

)

 

 

(15,627

)

Furniture, equipment and leasehold improvements, net

 

$

7,609

 

 

$

7,715

 

 

Depreciation expense for the three months ended June 30, 2026 and 2025 was $648 and $499, respectively. Depreciation expense for the six months ended June 30, 2026 and 2025 was $1,244 and $957, respectively.

During the three and six months ended June 30, 2026, the Company wrote off assets with a cost of $25 and accumulated depreciation of $22.