Quarterly report [Sections 13 or 15(d)]

Property and Equipment, Net

v3.25.1
Property and Equipment, Net
 3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

7. Property and Equipment, net

Property and equipment and related accumulated depreciation are as follows:

 

 

 

March 31,
2025

 

 

December 31,
2024

 

Leasehold improvements

 

$

103

 

 

$

148

 

Furniture and fixtures

 

 

120

 

 

 

120

 

Computer equipment

 

 

97

 

 

 

95

 

 

 

 

320

 

 

 

363

 

Less: accumulated depreciation

 

 

(302

)

 

 

(340

)

 

 

$

18

 

 

$

23

 
Depreciation expense for the three months ended March 31, 2025 and 2024 was $7 and $7, respectively. In addition, accumulated depreciation decreased by $45 due to the removal of fully depreciated leasehold improvements during the three months ended March 31, 2025.