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.