Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

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Property and Equipment
 3 Months Ended
Mar. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consisted of the following (in thousands):
  March 31, 2024 December 31, 2023
  Gross Assets
Accumulated
Depreciation
 Total Gross Assets
Accumulated Depreciation
 Total
Furniture, fixtures, and equipment $ 5,955 $ (4,094) $ 1,861 $ 6,611 $ (3,909) $ 2,702
Automobiles 87 (87) — 87 (87) —
Leasehold improvements 4,442 (2,072) 2,370 3,570 (1,951) 1,619
 
Total $ 10,484 $ (6,253) $ 4,231 $ 10,268 $ (5,947) $ 4,321
Depreciation expense for property and equipment for both the three months ended March 31, 2024 and 2023 was $0.3 million. This expense was recorded in “general and administrative expenses” for each period.