Quarterly report pursuant to Section 13 or 15(d)

Leasehold Improvements and Equipment

v3.23.3
Leasehold Improvements and Equipment
 9 Months Ended
Sep. 30, 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 as of September 30, 2023 and December 31, 2022:

 

    September 30, 2023     December 31, 2022  
Equipment   $ 2,523     $ 2,305  
Leasehold improvements     1,155       1,155  
Total     3,678       3,460  
Less: accumulated depreciation and amortization     1,657       1,369  
Leasehold improvements and equipment, net   $ 2,021     $ 2,091  

 

Depreciation and amortization expense for the three and nine months ended September 30, 2023 was $98 and $288, respectively, and the three and nine months ended September 30, 2022 was $89 and $244, respectively. During the nine month period ended September 30, 2023, the Company purchased equipment of $218, and no leasehold improvements. During the nine month period ended September 30, 2022, the Company purchased equipment of $629, and leasehold improvements of $221.