Quarterly report pursuant to Section 13 or 15(d)

Leasehold Improvements and Equipment

v3.22.1
Leasehold Improvements and Equipment
 3 Months Ended
Mar. 31, 2022
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 as of March 31, 2022 and December 31, 2021:

 

    March 31, 2022     December 31, 2021  
Equipment   $ 1,964     $ 1,640  
Leasehold improvements     1,155       935  
Total     3,119       2,575  
Less: accumulated depreciation and amortization     1,106       1,037  
Leasehold improvements and equipment, net   $ 2,013     $ 1,538  

 

Depreciation and amortization expense for the three months ended March 31, 2022 and 2021 was approximately $69 thousand and $59 thousand, respectively. During the three months ended March 31, 2022 the Company purchased leasehold improvements of approximately $220 thousand, and equipment of approximately $324 thousand. The Company did not purchase any leasehold improvements and equipment during the three months ended March 31, 2021.