General form of registration statement for all companies including face-amount certificate companies

Property and Equipment, net

v3.22.1
Property and Equipment, net
 12 Months Ended
Dec. 31, 2021
Property and Equipment, net
Note 4 — Property and Equipment, net
The Company’s property and equipment, net consists of the following (in thousands):
 
    
December 31,
  
    
2021
     
2020
  
Computer hardware, software, and equipment
    $ 2,438      $ 5,009  
Leasehold improvements
      1,354        1,354  
Furniture and fixtures
      2,231        2,389  
Less: Accumulated depreciation
      (4,497 )       (4,600 ) 
    
 
 
     
 
 
  
Total property and equipment, net
    $ 1,526      $ 4,152  
    
 
 
     
 
 
  
Depreciation expense relating to property and equipment was $2.8 million and $4.6 million for the years ended December 31, 2021 and 2020, respectively. During the years ended December 31, 2021 and 2020, the Company recognized $0.2 million and $3.4 million, respectively, in losses related to the disposal of property and equipment.