Annual report pursuant to Section 13 and 15(d)

Tenant Improvements, Furniture and Equipment

v3.22.0.1
Tenant Improvements, Furniture and Equipment
 12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
Tenant Improvements, Furniture and Equipment TENANT IMPROVEMENTS, FURNITURE AND EQUIPMENT

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

 

 

 

December 31,

 

(in thousands)

 

2021

 

 

2020

 

 Tenant improvements

 

$

4,818

 

 

$

3,893

 

 Office furniture

 

 

1,726

 

 

 

1,602

 

 Office equipment

 

 

211

 

 

 

211

 

 Computer equipment

 

 

1,210

 

 

 

1,138

 

 Total tenant improvements, furniture and equipment

 

 

7,965

 

 

 

6,844

 

 Accumulated depreciation

 

 

(3,839

)

 

 

(2,686

)

 Tenant improvements, furniture and equipment, net

 

$

4,126

 

 

$

4,158

 

 

Depreciation expense for the Company was $1.2 million, $1.0 million, and $0.9 million for 2021, 2020, and 2019, respectively.