Equipment and Assets Held for Sale
|9 Months Ended|
Sep. 30, 2023
|Equipment and Assets Held for Sale|
|Equipment and Assets Held for Sale||
4. Equipment and Assets Held for Sale
The Company’s equipment and assets held for sale consisted of the following, after the effects of impairment charges and held-for-sale reclassifications:
During the nine months ended September 30, 2023, the Company recorded impairment charges of $0.9 million in connection with its restructuring, see Note 8. Depreciation expense for the three months ended September 30, 2023 and 2022 was approximately $0.1 million and $0.2 million, respectively. Depreciation expense for the nine months ended September 30, 2023 and 2022 was approximately $0.5 million and $0.6 million, respectively.
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