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.