Quarterly report pursuant to Section 13 or 15(d)

Furniture, Equipment and Leasehold Improvements, Net

v3.21.1
Furniture, Equipment and Leasehold Improvements, Net
3 Months Ended
Mar. 31, 2021
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 March 31, 2021 and December 31, 2020:

 

 

  

March 31,

2021

 

 

December 31,

2020

 

Leasehold improvements

  

$

7,937

 

 

$

7,936

  

Furniture and equipment

  

 

7,414

 

 

 

7,275

  

Artwork

  

 

504

 

 

 

502

  

Total cost

  

 

15,855

 

 

 

15,713

  

Accumulated depreciation and amortization

  

 

(10,471

)

 

 

(10,190

)

Furniture, equipment and leasehold improvements, net

  

$

5,384

 

 

$

5,523

  

 

Depreciation expense for the three months ended March 31, 2021 and 2020 was $281 and $273, respectively.

 

During the three months ended March 31, 2021, the Company wrote off leased assets of $82, with accumulated depreciation of $64.