Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

5. PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following:

 

                 
    Year ended December 31,  
    2021     2020  
    ($ in thousands)  
Computer equipment   $ 5,558     $ 5,496  
Office furniture and equipment     1,868       1,781  
Transportation equipment     1,087       922  
Leasehold improvements     1,623       954  
Assets not placed in service     1,682       909  
Total property and equipment     11,818       10,062  
Less accumulated depreciation     (6,414 )     (5,141 )
Property and equipment – net   $ 5,404     $ 4,921  

 

 

Depreciation expense was approximately $1.9 million and $1.4 million for the years ended December 31, 2021 and 2020, respectively.