PROPERTY & EQUIPMENT
|12 Months Ended|
Dec. 31, 2021
|Property, Plant and Equipment [Abstract]|
|PROPERTY & EQUIPMENT||PROPERTY & EQUIPMENT
Property and equipment, net, as of December 31, 2021 and 2020 were as follows (in thousands):
* Tenant improvements are amortized over the lesser of the remaining term of the related lease or the estimated useful life of the tenant improvements.Depreciation expense for the years ended December 31, 2021 and 2020 was $1.2 million and $0.8 million, respectively. During the year ended December 31, 2021, the Company recorded accelerated depreciation for tenant improvements associated with the lease termination agreement for its main facility.
No definition available.
The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef