Quarterly report pursuant to Section 13 or 15(d)

Furniture, Equipment and Leasehold Improvements, Net

v3.20.2
Furniture, Equipment and Leasehold Improvements, Net
9 Months Ended
Sep. 30, 2020
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, 2020 and December 31, 2019:

 

 

  

September 30,

2020

 

 

December 31,

2019

 

Leasehold improvements

  

$

7,880

 

 

$

7,783

  

Furniture and equipment

  

 

7,159

 

 

 

6,541

  

Artwork

  

 

502

 

 

 

502

  

Total cost

  

 

15,541

 

 

 

14,826

  

Accumulated depreciation and amortization

  

 

(9,911

)

 

 

(8,811

)

Furniture, equipment and leasehold improvements, net

  

$

5,630

 

 

$

6,015

  

 

Depreciation expense for the three months ended September 30, 2020 and 2019 was $279 and $267, respectively.  Depreciation expense for the nine months ended September 30, 2020 and 2019 was $838 and $815, respectively.

 

During the nine months ended September 30, 2020 and 2019, the Company wrote off leased assets of $209 and $310, with accumulated depreciation of $180 and $310, respectively.