Property and Equipment

3 Months Ended

Mar. 31, 2021

Property, Plant and Equipment [Abstract]

Property and Equipment

6. Property and Equipment

Property and equipment consisted of the following:

(Dollars in thousands)	March 31, 2021			December 31, 2020
Furniture and fixtures	$	4,193		$	4,363
Leasehold improvements		1,637			1,637
Vehicles		824			824
Total cost		6,654			6,824
Less accumulated depreciation		(3,862	)		(3,715	)
Total property and equipment, net	$	2,792		$	3,109

Purchases of property and equipment totaled $0 million for both the three months ended March 31, 2021 and 2020. Depreciation expense totaled $0.2 million and $0.5 million for the three months ended March 31, 2021 and 2020, respectively.

During the three months ended March 31, 2021, the Company disposed of fixed assets with a net book value of $0.2 million resulting in a loss on disposal of fixed assets of $0.1 million. As a result of these disposals, the Company received funds of $0.1 million from the sales of the disposed assets. Loss on disposal of fixed assets was $0 million for the three months ended March 31, 2020.