Quarterly report [Sections 13 or 15(d)]

Property and Equipment, Net

v3.25.3
Property and Equipment, Net
9 Months Ended
Sep. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

8. Property and Equipment, net

Property and equipment and related accumulated depreciation are as follows:

 

 

September 30,
2025

 

 

December 31,
2024

 

Leasehold improvements

 

$

 

 

$

148

 

Furniture and fixtures

 

 

 

 

 

120

 

Computer equipment

 

 

109

 

 

 

95

 

 

 

 

109

 

 

 

363

 

Less: accumulated depreciation

 

 

(91

)

 

 

(340

)

 

 

$

18

 

 

$

23

 

Depreciation expense was $19 and $23 for the nine months ended September 30, 2025 and 2024, respectively. In addition, accumulated depreciation decreased by $148 due to the removal of fully depreciated leasehold improvements and $120 due to the removal of fully depreciated furniture and fixtures during the nine months ended September 30, 2025 and $5 due to the removal of fully depreciated computer equipment during the nine months ended September 30, 2024.