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Property and Equipment
9 Months Ended
Sep. 30, 2020
Property Plant And Equipment [Abstract]  
Property and Equipment

9. Property and Equipment

Property and equipment are stated at cost. Repairs and maintenance are charged to expense when incurred.

Depreciation on property and equipment is calculated using the straight-line method over the estimated useful lives of the assets, generally two to ten years. Leasehold improvements are amortized using the straight-line method over the shorter of the estimated useful life or the lease term.

 

 

 

September 30,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Office furniture and fixtures

 

$

1,650

 

 

$

1,650

 

Software

 

 

4,882

 

 

 

4,379

 

Equipment

 

 

5,340

 

 

 

5,041

 

Leasehold improvements

 

 

1,658

 

 

 

1,721

 

Gross property and equipment

 

 

13,530

 

 

 

12,791

 

Less accumulated depreciation and amortization

 

 

(10,169

)

 

 

(9,141

)

Property and equipment, net

 

$

3,361

 

 

$

3,650