Annual report pursuant to Section 13 and 15(d)

Leasehold Improvements and Equipment

v3.24.1
Leasehold Improvements and Equipment
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Leasehold Improvements and Equipment

Note 6 – Leasehold Improvements and Equipment

 

Leasehold improvements and equipment, summarized by major category, consist of the following for the years ended December 31, 2023 and 2022:

 

   

December 31,

2023

    

December 31,

2022

  
Equipment   $ 2,463     $ 2,305  
Leasehold improvements     1,155       1,155  
Total     3,618       3,460  
Less: accumulated depreciation and amortization     1,695       1,369  
Leasehold improvements and equipment, net   $ 1,923     $ 2,091  

 

Depreciation and amortization expense for the years ended December 31, 2023 and 2022 was $385 and $337, respectively. During the years ended December 31, 2023 and 2022, the Company purchased equipment and leasehold improvements of $218 and $892, respectively. During the year ended December 31, 2023, the Company recorded an asset write-off of $60, including $59 of related accumulated depreciation. During the year ended December 31, 2022, the Company recorded an asset write-off of $7, including $5 of related accumulated depreciation.