Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 141

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1
Chunk 141
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(8,064) 
     (18,319)
  
    Recoveries 
     4,717  
     11,480  
     11,966 
  
    Balance at end of period 
    $433  
    $2,869  
    $21,753 

The following table presents
the gross charge-offs by year of origination of our finance receivables for the year ended December 31, 2024, 2023, and 2022:

    Schedule of charge-offs for financed receivables 

    December 31, 

    2024  
    2023  
    2022 
  
    Annual Vintage Pool 
    (In thousands) 
  
    2014 and prior 
    $353 
    $325  
    $963 
  
    2015 
     285  
     1,031  
     3,047 
  
    2016 
     703  
     3,266  
     6,586 
  
    2017 
     976  
     4,294  
     8,271 
  
    Applied against repos in inventory (net) 
     (471) 
     (852) 
     (548)

    $1,846 
    $8,064  
    $18,319 

(4) Furniture and Equipment

The following table presents the components of
furniture and equipment:

    Schedule of furniture and equipment 

    December 31, 

    2024  
    2023 

    (In thousands) 
  
    Furniture and fixtures 
    $2,083  
    $1,936 
  
    Computer and telephone equipment 
     6,942  
     6,823 
  
    Leasehold improvements 
     1,638  
     1,570 

     10,663  
     10,329 
  
    Less: accumulated depreciation and amortization 
     (9,720) 
     (8,957)

    $943  
    $1,372 

     F-19 

CONSUMER PORTFOLIO SERVICES, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Depreciation expense totaled $862,000, $847,000,
and $1,