v3.25.1
Furniture, Equipment and Leasehold Improvements, Net
3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Furniture, Equipment and Leasehold Improvements, Net

5. FURNITURE, EQUIPMENT AND LEASEHOLD IMPROVEMENTS, NET

The following is a summary of furniture, equipment and leasehold improvements, net as of March 31, 2025 and December 31, 2024:

 

March 31,
2025

 

 

December 31,
2024

 

Leasehold improvements

 

$

9,439

 

 

$

9,439

 

Furniture and equipment

 

 

13,261

 

 

 

12,859

 

Artwork

 

 

619

 

 

 

619

 

Total cost

 

 

23,319

 

 

 

22,917

 

Accumulated depreciation and amortization

 

 

(15,988

)

 

 

(15,530

)

Furniture, equipment and leasehold improvements, net

 

$

7,331

 

 

$

7,387

 

 

Depreciation expense for the three months ended March 31, 2025 and 2024 was $458 and $414, respectively.