Property and Equipment
|3 Months Ended|
Mar. 31, 2021
|Property, Plant and Equipment [Abstract]|
|Property and Equipment||
3. Property and Equipment
Property and equipment are recorded at cost and depreciated over the estimated useful lives of the underlying assets (three to five years) using the straight-line method. As of March 31, 2021, and December 31, 2020, property and equipment consists of (in thousands):
Total depreciation and amortization expense were approximately $45,000 and $30,000 for the three months ended March 31, 2021 and 2020 respectively, which includes amortization expense of $6,000 and $17,000 for the three months ended March 31, 2021 and 2020 respectively. For additional finance leases information, refer to Note 9 – Commitments and Contingencies.
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