PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

4. PROPERTY AND EQUIPMENT

Property and equipment consisted of the following:

	December 31,
	2023			2022
	($ in thousands)
Computer equipment	$	5,510		$	5,831
Office furniture and equipment		1,985			1,990
Transportation equipment		1,129			1,099
Leasehold improvements		5,350			3,460
Assets not placed in service		-			72
Total property and equipment		13,974			12,452
Less accumulated depreciation		(8,657	)		(7,396	)
Property and equipment – net	$	5,317		$	5,056

Depreciation expense was approximately $2.0 million for both the years ended December 31, 2023 and 2022.

As a result of a triggering event in December 2023, we also reviewed our property and equipment for impairment. We determined that the fair value of these assets exceeded their carrying value and that there was no impairment.