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Property and Equipment, Net
12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

Property and Equipment, Net

Property and equipment consisted of the following:

 

     At December 31,  
     2020      2019  
     (in thousands)  

Leasehold improvements

   $ 276    $ 247

Furniture and equipment

     1,077      391
  

 

 

    

 

 

 

Total cost of property and equipment

     1,353      638

Less: accumulated depreciation

     (152      (339
  

 

 

    

 

 

 

Total property and equipment, net

   $ 1,201    $ 299
  

 

 

    

 

 

 

Total depreciation expense was $0.3 million, $0.1 million and $0.1 million for the years ended December 31, 2020, 2019 and 2018, respectively, and is recognized within general and administrative expenses within the consolidated statements of operations and comprehensive income.