Property and Equipment, Net

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

Note 9 — Property and Equipment, Net

The following table summarizes property and equipment as of:


	March 31,		December 31,
	2021		2020
Capital lease asset building	$	1,305	$	1,305
Leasehold improvements		887		702
Furniture, fixtures and equipment		1,161		760
Corporate vehicles		143		143
Total property and equipment		3,496		2,910
Less: accumulated depreciation		(1,147)		(1,042)
Property and Equipment, net	$	2,349	$	1,868

Depreciation expense for property and equipment was approximately $105 and $51 for the three months ended March 31, 2021 and 2020, respectively.

Note 9 — Property and Equipment, Net

Property and equipment consist of the following as of December 31, 2020 and 2019:


	2020		2019
Capital lease asset building	$	1,305	$	—
Leasehold improvements		702		688
Furniture, fixtures, and equipment		760		715
Corporate vehicles		143		104
Total property and equipment		2,910		1,507
Less: accumulated depreciation		(1,042)		(876)
Property and Equipment, net	$	1,868	$	631

Depreciation expense for property and equipment was approximately $195, $260 and $253 for the years ended December 31, 2020, 2019 and 2018, respectively. On December 23, 2020, the Company entered into a capital lease for a new hub location building. Amortization of the capital lease asset for the year ended December 31, 2020 was $0 and is included in depreciation expense in the consolidated statements of operations.