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.