Quarterly report pursuant to Section 13 or 15(d)

Tenant Improvements, Furniture and Equipment

v3.21.2
Tenant Improvements, Furniture and Equipment
 9 Months Ended
Sep. 30, 2021
Property, Plant and Equipment [Abstract]  
Tenant Improvements, Furniture and Equipment
9.
TENANT IMPROVEMENTS, FURNITURE AND EQUIPMENT

The following table presents the balances per asset class as of September 30, 2021 and December 31, 2020:

 

 

 

September 30,

 

 

December 31,

 

(in thousands)

 

2021

 

 

2020

 

Tenant improvements

 

$

4,642

 

 

$

3,893

 

Office furniture

 

 

1,674

 

 

 

1,602

 

Office equipment

 

 

211

 

 

 

211

 

Computer equipment

 

 

1,210

 

 

 

1,138

 

Total tenant improvements, furniture and equipment

 

 

7,737

 

 

 

6,844

 

Accumulated depreciation

 

 

(3,537

)

 

 

(2,686

)

Net tenant improvements, furniture and equipment

 

$

4,200

 

 

$

4,158

 

 

Depreciation expense for the Company was $0.3 million for both the three months ended September 30, 2021 and 2020, and $0.9 million for the nine months ended September 30, 2021 compared to $0.8 million for the nine months ended September 30, 2020.