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PROPERTY AND EQUIPMENT
 9 Months Ended
Sep. 30, 2021
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT PROPERTY AND EQUIPMENT
Property and equipment consist of the following:
(in thousands)
Estimated Life
(in years)
September 30, 2021December 31, 2020
Office and computer equipment
3 – 8 years
$12,822 $10,383 
Leasehold improvements
Up to 10 years
10,503 10,572 
Furniture and fixtures
2 – 8 years
3,794 3,794 
Software3 years1,836 1,486 
28,955 26,235 
Less: accumulated depreciation(9,637)(5,568)
Property and equipment, net$19,318 $20,667 
Depreciation expense for the three months ended September 30, 2021, and 2020 totaled $1.4 million and $0.9 million, respectively. Depreciation expense for the nine months ended September 30, 2021, and 2020 totaled $4.2 million and $2.9 million, respectively.
We lease various equipment and software under capital leases. The depreciation expense associated with the assets under capital leases for the three months ended September 30, 2021, and 2020, totaled $0.1 million and $0.02 million, respectively. The depreciation expense associated with the assets under capital leases for the nine months ended September 30, 2021, and 2020, totaled $0.3 million and $0.05 million, respectively. Assets held under capital leases are included in property and equipment as follows:
(in thousands)September 30, 2021December 31, 2020
Office and computer equipment$1,682 $1,682 
Less: accumulated depreciation(528)(192)
Total financing leases included in property and equipment$1,154 $1,490