Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

v3.21.2
PROPERTY AND EQUIPMENT
9 Months Ended
Sep. 30, 2021
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

NOTE 4. PROPERTY AND EQUIPMENT

The Company’s property and equipment consisted of the following:

​

​

​

​

​

​

​

​

​

​

​

    

Useful Life

    

September 30, 

    

December 31, 

($in thousands)

​

(Years)

​

2021

​

2020

​

​

​

​

​

​

​

​

​

Leasehold improvements

 

2

 

​

11

 

​

11

Total property and equipment

 

  

 

​

11

 

​

11

Less: Accumulated depreciation

 

  

 

​

(11)

 

​

(11)

Property and equipment, net

 

  

​

$

—

​

$

—

​

The Company’s depreciation expense for the three months ended September 30, 2021 and 2020 was nil and $1,000, respectively. The Company’s depreciation expense for the nine months ended September 30, 2021 and 2020 was nil and $4,000, respectively. Depreciation expense is recorded as a component of selling, general and administrative expense in the unaudited condensed consolidated statements of operations.