Property and Equipment

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Property and Equipment

8. Property and Equipment

Property and equipment consisted of the following as of December 31:

(Dollars in thousands)	2021			2020
Furniture and fixtures	$	3,779		$	4,363
Leasehold improvements		1,386			1,637
Vehicles		814			824
Total cost		5,979			6,824
Less accumulated depreciation		(3,816	)		(3,715	)
Total property and equipment, net	$	2,163		$	3,109

Purchases of property and equipment totaled $0.3 million and $0.5 million for the years ended December 31, 2021 and 2020, respectively. Depreciation expense totaled $0.8 million and $1.7 million for the years ended December 31, 2021 and 2020, respectively.

During the year ended December 31, 2021, the Company disposed of fixed assets with a net book value of $0.5 million resulting in a loss on disposal of fixed assets of $0.4 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 $0.1 million for the year ended December 31, 2020. During the year ended December 31, 2021, the Company wrote off obsolete fixed assets with a net book value of $0.1 million.