Quarterly report pursuant to Section 13 or 15(d)

Leasehold Improvements and Equipment

v3.22.2.2
Leasehold Improvements and Equipment
 9 Months Ended
Sep. 30, 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 September 30, 2022 and December 31, 2021:

 

    September 30, 2022     December 31, 2021  
Equipment   $ 2,269     $ 1,640  
Leasehold improvements     1,156       935  
Total     3,425       2,575  
Less: accumulated depreciation and amortization     1,281       1,037  
Leasehold improvements and equipment, net   $ 2,144     $ 1,538  

 

Depreciation and amortization expense for the three and nine months ended September 30, 2022 was $89 thousand and $244 thousand, respectively, and for the three and nine months ended September 30, 2021 was $62 thousand and $179 thousand, respectively. During the nine months ended September 30, 2022 the Company purchased leasehold improvements of $221 thousand, and equipment of $629 thousand. During the nine months ended September 30, 2021 the Company purchased leasehold improvements of $57 thousand, and equipment of approximately $167 thousand.