Annual report pursuant to Section 13 and 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

5. PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following:

 

                 
    December 31,  
    2022     2021  
    ($ in thousands)  
Computer equipment   $ 5,831     $ 5,558  
Office furniture and equipment     1,990       1,868  
Transportation equipment     1,099       1,087  
Leasehold improvements     3,460       1,623  
Assets not placed in service     72       1,682  
Total property and equipment     12,452       11,818  
Less accumulated depreciation     (7,396 )     (6,414 )
Property and equipment – net   $ 5,056     $ 5,404  

 

Depreciation expense was approximately $2.0 million and $1.9 million for the years ended December 31, 2022 and 2021, respectively.