Quarterly report [Sections 13 or 15(d)]

Property and Equipment, Net

v3.25.2
Property and Equipment, Net
6 Months Ended
Jun. 30, 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:

 

 

 

June 30,
2025

 

 

December 31,
2024

 

Leasehold improvements

 

$

103

 

 

$

148

 

Furniture and fixtures

 

 

120

 

 

 

120

 

Computer equipment

 

 

97

 

 

 

95

 

 

 

 

320

 

 

 

363

 

Less: accumulated depreciation

 

 

(308

)

 

 

(340

)

 

 

$

12

 

 

$

23

 

Depreciation expense was $13 and $15 for the six months ended June 30, 2025 and 2024, respectively. In addition, accumulated depreciation decreased by $45 due to the removal of fully depreciated leasehold improvements during the six months ended June 30, 2025 and $5 due to the removal of fully depreciated computer equipment during the six months ended June 30, 2024.