Annual report pursuant to Section 13 and 15(d)

Leasehold Improvements and Equipment

v3.22.0.1
Leasehold Improvements and Equipment
 12 Months Ended
Dec. 31, 2021
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, 2021 and 2020 (in thousands):

 

    December 30,
2021		     December 31,
2020		  
Equipment   $ 1,640     $ 1,443  
Leasehold improvements     935       878  
Total     2,575       2,321  
Less: accumulated depreciation and amortization     1,037       797  
Leasehold improvements and equipment, net   $ 1,538     $ 1,524  

 

Depreciation and amortization expense for the years ended December 31, 2021 and 2020 was approximately $244 thousand and $231 thousand, respectively. During the years ended December 31, 2021 and 2020, the Company purchased equipment and leasehold improvements of approximately $260 thousand and $6 thousand, respectively. During the year ended December 31, 2021, the Company recorded an asset write-off of approximately $6 thousand, including $4 thousand of related accumulated depreciation. The Company had no asset write-offs during the year ended December 31, 2020.