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Property, Leasehold Improvements and Equipment
 12 Months Ended
Dec. 31, 2019
Property, Leasehold Improvements and Equipment  
Property, Leasehold Improvements and Equipment

Note 4. Property, Leasehold Improvements and Equipment

 

At December 31, 2019 and 2018, property, leasehold improvements and equipment consisted of the following:

 

 

 

 

 

 

 

 

 

December 31,

 

December 31,

 

 

 

2019

 

2018

 

Furniture & fixtures

 

$ 12,671

 

$ 11,494

 

Leasehold improvements

 

46,535

 

42,350

 

Equipment

 

8,874

 

6,601

 

Vehicles

 

2,616

 

2,575

 

 

 

70,696

 

63,020

 

Less accumulated depreciation

 

(30,119)

 

(1,178)

 

 

 

$ 40,577

 

$ 61,842

 

 

 

 

 

 

 

 

 

 

 

 

In connection with the Restructuring on December 12, 2018, a fair value adjustment of $43,083 was recorded for property, leasehold improvements and equipment. See Note 14 for additional information regarding the Restructuring.

Depreciation expense for the Successor year ended December 31, 2019 and Successor period ended December 31, 2018 was $29,329 and $1,178, respectively, and for the Predecessor period ended December 12, 2018, and the Predecessor year ended December 31, 2017, was $11,382 and $13,895, respectively.