Quarterly report pursuant to Section 13 or 15(d)

PROPERTY EQUIPMENT AND LEASEHOLD IMPROVEMENTS NET

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PROPERTY EQUIPMENT AND LEASEHOLD IMPROVEMENTS NET
 6 Months Ended
Jun. 30, 2021
PROPERTY EQUIPMENT AND LEASEHOLD IMPROVEMENTS NET  
NOTE 7. PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET

NOTE 7 – PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET

 

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

 

 

 

(in thousands)

 

 

 

June 30,

 

 

December 31,

 

 

 

2021

 

 

2020

 

 

 

 

 

 

 

 

Land and building

 

 $ 11,206

 

 

 $ 11,206

 

Furniture and equipment

 

 

 2,894

 

 

 

 2,913

 

Computer hardware

 

 

 228

 

 

 

 215

 

Leasehold improvements

 

 

 16,765

 

 

 

 16,459

 

Construction in progress

 

 

 10,167

 

 

 

 9,922

 

 

 

 

 

 

 

 

 

 

Subtotal

 

 

 41,260

 

 

 

 40,715

 

Less accumulated depreciation

 

 

 (10,046 )

 

 

 (8,235 )

Property, equipment and leasehold improvements, net

 

 

 

 

 

 

 

 

 

 

 $ 31,214

 

 

 $ 32,480

 

 

Depreciation expense related to property, equipment and leasehold improvements for the three months ended June 30, 2021 and June 30, 2020 was $0.93 million and $0.96 million, respectively, and for the six months ended June 30, 2021 and June 30, 2020 was $1.88 million and $1.92 million, respectively.