Annual report pursuant to Section 13 and 15(d)

Furniture, Equipment and Leasehold Improvements, Net

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Furniture, Equipment and Leasehold Improvements, Net
 12 Months Ended
Dec. 31, 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 December 31, 2023 and December 31, 2022:

 

2023

 

 

2022

 

Leasehold improvements

 

$

9,439

 

 

$

7,859

 

Furniture and equipment

 

 

11,397

 

 

 

9,213

 

Artwork

 

 

619

 

 

 

505

 

Total cost

 

 

21,455

 

 

 

17,577

 

Accumulated depreciation and amortization

 

 

(14,033

)

 

 

(12,556

)

Furniture, equipment and leasehold improvements, net

 

$

7,422

 

 

$

5,021

 

 

Depreciation and amortization expense for the years ended December 31, 2023, 2022 and 2021 was $1,476, $1,191, and $1,175, respectively.

 

During 2023, the Company wrote off leased assets with a cost of $103 and accumulated depreciation of $103. During 2022, the Company wrote off leased assets with a cost of $194 and accumulated depreciation of $143.