Property and Equipment, net (Tables)

12 Months Ended

Dec. 31, 2020

Property and Equipment, net

Schedule of property and equipment

The following table summarizes the Company’s property and equipment (in thousands):

	December 31,		December 31,
	2020		2019
Furniture and office equipment	$	315	$	441
Vehicle		229		62
Leasehold improvements		246		243
Total property and equipment		790		746
Less: accumulated depreciation		(460)		(368)
Property and equipment, net		330		378
Fintech Village
Land		2,750		3,043
Building		—		309
Assets retirement obligations - environmental remediation		4,500		6,496
Capitalized direct development cost		—		2,713
Construction in progress (Fintech Village)		7,250		12,561
Property and Equipment, net	$	7,580	$	12,939

Schedule of asset retirement obligation

The following table summarizes the activity in the asset retirement obligation for the year ended December 31, 2020 (in thousands):

	January 1,		Liabilities		Remediation		Accretion				December 31,
	2020		Incurred		Performed		Expense		Revisions		2020
Asset retirement obligation	$	5,094	$	—	$	(441)	$	—	$	—	$	4,653