Property and Equipment

6 Months Ended

Jun. 30, 2021

Property, Plant and Equipment [Abstract]

Property and Equipment

6. Property and Equipment

Property and equipment consisted of the following:

(Dollars in thousands)	June 30, 2021			December 31, 2020
Furniture and fixtures	$	4,583		$	4,363
Leasehold improvements		1,637			1,637
Vehicles		824			824
Construction in progress		4			-
Total cost		7,048			6,824
Less accumulated depreciation		(4,051	)		(3,715	)
Total property and equipment, net	$	2,997		$	3,109

Eastside Distilling, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

June 30, 2021

(Unaudited)

Purchases of property and equipment totaled $0.2 million for both the six months ended June 30, 2021 and 2020. Depreciation expense totaled $0.4 million and $1.0 million for the six months ended June 30, 2021 and 2020, respectively.

During the six months ended June 30, 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. Gain on disposal of fixed assets was $0 million for the six months ended June 30, 2020.