Furniture, Equipment, and Leasehold Improvements, Net

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

Furniture, Equipment, and Leasehold Improvements, Net

7. Furniture, Equipment, and Leasehold Improvements, Net

Furniture, equipment, and leasehold improvements consisted of the following as of the periods indicated:

	As of December 31,
	2020			2019
Leasehold improvements	$	1,389,000		$	1,389,000
Equipment		170,000			170,000
Furniture and fixtures		166,000			154,000
Total Furniture, equipment, and leasehold improvements		1,725,000			1,713,000
Less accumulated depreciation		(963,000	)		(563,000	)
Total Furniture, equipment, and leasehold improvements, net	$	762,000		$	1,150,000

Total depreciation expense for furniture, equipment, and leasehold improvements was $402,000 and $405,000 for the years ended December 31, 2020 and 2019, respectively.