Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.10.0.1
Property and Equipment
9 Months Ended
Sep. 30, 2018
Property, Plant and Equipment [Abstract]  
Property and Equipment
4.

Property and Equipment

Property and equipment consists of the following:

 

(Amounts in Thousands)    As of
September 30,
2018
     As of
December 31,
2017
 

Land

   $ 5,690      $ 5,690  

Buildings and other improvements

     4,454        4,414  

Leasehold improvements

     10,076        169  

Office furniture and equipment

     2,875        1,672  

Computer equipment and software

     2        20  

Assets under construction

     34        3,671  
  

 

 

    

 

 

 
     23,131        15,636  

Less accumulated depreciation

     (1,826      (1,283
  

 

 

    

 

 

 

Property and equipment, net

   $ 21,305      $ 14,353  
  

 

 

    

 

 

 

Depreciation expense was $356 thousand and $146 thousand for the three months ended September 30, 2018 and 2017, respectively. Depreciation expense was $727 thousand and $414 thousand for the nine months ended September 30, 2018 and 2017, respectively.