Property and Equipment

6 Months Ended

Jun. 30, 2020

Property Plant And Equipment [Abstract]

Property and Equipment

5. Property and Equipment

Purchased property and equipment consist of the following (dollars in thousands):

	ESTIMATED USEFUL LIFE	December 31, 2019			June 30, 2020
Office equipment	5 years	$	10		$	10
Office furniture	7 years		116			116
Computer equipment	3 years		8			8
Leasehold improvements	Life of lease		95			95
			229			229
Less: Accumulated depreciation			(102	)		(119	)
Property and equipment, net		$	127		$	110

Depreciation expense for the three months ended June 30, 2019 and June 30, 2020 was $9,000 and $9,000, respectively.

Depreciation expense for the six months ended June 30, 2019 and June 30, 2020 was $19,000 and $17,000, respectively.