Property and Equipment, Net
|3 Months Ended|
Mar. 31, 2021
|Property Plant And Equipment Net [Abstract]|
|Property and Equipment, Net||
Note 5—Property and Equipment, net
Property and equipment consisted of the following (in thousands):
Depreciation expense was $0.4 million and $0.5 million for the three months ended March 31, 2021 and 2020, respectively. In March 2021, automobiles were sold for a gain of $0.5 million. The gain is included in selling, general and administrative expenses in the accompanying condensed statements of operations.
The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef