Quarterly report pursuant to Section 13 or 15(d)

Furniture, Equipment and Leasehold Improvements, Net

v3.19.3
Furniture, Equipment and Leasehold Improvements, Net
 9 Months Ended
Sep. 30, 2019
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 September 30, 2019 and December 31, 2018:

 

 

  

September 30,

2019

 

 

December 31,

2018

 

Leasehold improvements

  

$

7,688

 

 

$

5,229

  

Furniture and equipment

  

 

6,409

 

 

 

6,022

  

Artwork

  

 

491

 

 

 

483

  

Total cost

  

 

14,588

 

 

 

11,734

  

Accumulated depreciation and amortization

  

 

(8,569

)

 

 

(8,298

)

Furniture, equipment and leasehold improvements, net

  

$

6,019

 

 

$

3,436

  

 

Depreciation expense for the three months ended September 30, 2019 and 2018 was $267 and $179, respectively.  Depreciation expense for the nine months ended September 30, 2019 and 2018 was $815 and $567, respectively.  

 

During the three and nine months ended September 30, 2019, the Company wrote off leased assets of $0 and $310 that were fully depreciated as of September 30, 2019.  During the three and nine months ended September 30, 2018, the Company disposed of computer equipment with a cost of $989 and accumulated depreciation of $952.