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

Property and equipment (Q3)

v3.20.4
Property and equipment (Q3)
 9 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Property and equipment [Abstract]    
Property and equipment
Note 6 - Property and equipment

Property and equipment consist of the following:

Dollars in thousands
  
September 30, 2020
    
December 31, 2019
  
Equipment
  
$
216
    
$
222
  
Furniture and fixtures
    
199
      
138
  
Computer software
    
111
      
115
  
Computer equipment
    
2
      
4
  
Total property and equipment
    
528
      
479
  
Accumulated depreciation
    
(223
)
    
(62
)
Property and equipment, net
  
$
305
    
$
417
  
Depreciation expense was less than $0.1 million and less than $0.2 million for the three and nine months ended September 30, 2020, respectively, and less than $0.1 million for both the three and nine months ended September 30, 2019. Depreciation expense is included as a component of general and administrative expenses.
Note 6 - Property and equipment

Property and equipment consist of the following:

Dollars in thousands
  
December 31, 2019
    
December 31, 2018
  
Equipment
  
$
222
    
$
49
  
Furniture and fixtures
    
138
      
46
  
Computer software
    
115
      
-
  
Computer equipment
    
4
      
14
  
Total property and equipment
    
479
      
109
  
Accumulated depreciation
    
(62
)
    
(38
)
Net property and equipment
  
$
417
    
$
71
  

Depreciation expense was less than $0.1 million for the years ended December 31, 2019 and 2018. Depreciation expense is included as a component of general and administrative expenses.