Quarterly report pursuant to Section 13 or 15(d)

PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET

v3.19.2
PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET
 6 Months Ended
Jun. 30, 2019
PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET  
NOTE 9. PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET

Property, equipment, and leasehold improvements, net consists of the following:

 

 

(in thousands)

 

June 30,

 

December 31,

 

2019

 

2018

 

Land and Building

 

$

22,401

 

$

22,401

 

Furniture and Equipment

 

6,085

 

3,652

 

Computer Hardware

 

593

 

531

 

Leasehold Improvements

 

22,603

 

8,525

 

Construction in Progress

 

10,025

 

12,288

 

Subtotal

 

61,707

 

47,397

 

Less Accumulated Depreciation

 

(8,197

)

 

(5,807

)

Less Assets Held for Sale

 

(10,069

)

 

(7,451

)

Property, Equipment and Leasehold Improvements, Net

 

$

43,441

 

$

34,139

 

Depreciation expense related to property, equipment and leasehold improvements for the six months ended June 30, 2019 and 2018 was $2.11 million and $1.07 million, respectively.