Quarterly report pursuant to Section 13 or 15(d)

Furniture, Equipment and Leasehold Improvements, Net

v3.22.1
Furniture, Equipment and Leasehold Improvements, Net
3 Months Ended
Mar. 31, 2022
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, 2022 and December 31, 2021:

 

 

 

March 31,
2022

 

 

December 31,
2021

 

Leasehold improvements

 

$

7,859

 

 

$

7,859

 

Furniture and equipment

 

 

8,291

 

 

 

8,258

 

Artwork

 

 

505

 

 

 

505

 

Total cost

 

 

16,655

 

 

 

16,622

 

Accumulated depreciation and amortization

 

 

(11,648

)

 

 

(11,365

)

Furniture, equipment and leasehold improvements, net

 

$

5,007

 

 

$

5,257

 

 

Depreciation expense for the three months ended March 31, 2022 and 2021 was $284 and $281, respectively.

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