Annual report pursuant to Section 13 and 15(d)

Property and Equipment

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Property and Equipment
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consisted of the following (in thousands):
December 31, 2023 December 31, 2022
Gross Assets Accumulated
Depreciation
Total Gross Assets Accumulated
Depreciation
Total
Furniture, fixtures, and equipment $ 6,611  $ (3,909) $ 2,702  $ 5,710  $ (3,252) $ 2,458 
Automobiles 87  (87) —  87  (83)
Leasehold improvements 3,570  (1,951) 1,619  3,498  (1,575) 1,923 
Total $ 10,268  $ (5,947) $ 4,321  $ 9,295  $ (4,910) $ 4,385 
Depreciation expense for property and equipment for each of the years ended December 31, 2023, 2022 and 2021 was $1.1 million, $1.1 million and $0.9 million, respectively. This expense was recorded in “general and administrative expenses” for each period.