Property and equipment, net

9 Months Ended

Sep. 30, 2022

Property, Plant and Equipment [Abstract]

Property and equipment, net, is comprised of the following (in thousands):


	Useful Life (Years)	September 30, 2022		December 31, 2021
Buildings	20	$	424	$	732
Furniture and fixtures	5	429		361
Computer equipment	3-5	3,989		3,856
Leasehold improvements	Term of lease	5,196		4,495
		10,038		9,444
Less: Accumulated depreciation		(3,731)		(2,627)
Total property and equipment, net		$	6,307	$	6,817

Depreciation expense totaled approximately $0.5 million and $0.2 million for the three months ended September 30, 2022 and 2021, respectively. Depreciation expense totaled approximately $1.3 million and $0.5 million for the nine months ended September 30, 2022 and 2021, respectively.

For the three and nine months ended September 30, 2022, the Company recognized an impairment charge of approximately $0.3 million relating to a building owned in connection with the Company’s Online Sportsbook. The expense is recorded in impairment of goodwill, intangible assets, and other long-lived assets in the wagering segment on the accompanying condensed consolidated statements of operations and comprehensive loss.