Property and Equipment, Net

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Note 9 — Property and Equipment, Net

As of December 31, 2022 and 2021, property and equipment consisted of the following (in thousands):


	December 31,
	2022			2021
Furniture	$	927		$	885
Computer equipment		986			1,222
Office equipment		409			278
Leasehold improvements		578			578
Capitalized software		6,671			7,634
Building		685			685
		10,256			11,282
Accumulated depreciation and amortization		(6,900	)		(7,452	)
Ending balance	$	3,356		$	3,830

During the years ended December 31, 2022, 2021 and 2020, depreciation and amortization expense was $0.8 million, $1.1 million, and $1.2 million, respectively.

The Company engaged a third-party consulting firm to assist in the building and implementation of a data warehouse and loan origination systems. The data warehouse was placed into service in 2017 and the loan origination system was placed into service in 2018. The total capitalized costs for the data warehouse and loan origination systems (LOS) were $5.7 million as of December 31, 2022 and 2021. Total accumulated depreciation and amortization included accumulated amortization on the data warehouse and the LOS of $4.1 million and $3.7 million as of December 31, 2022 and 2021, respectively. The estimated aggregate amortization expense related to capitalized software for each of the next five years is $0.4 million for 2023, 2024, 2025, 2026, and $0.2 million for 2027.