Note
4: PROPERTY AND EQUIPMENT
The
components of property and equipment as of December 31, 2024 and 2023 were as follows:
SCHEDULE OF PROPERTY AND EQUIPMENT
| (in thousands) | |
Useful Life | |
2024 | | |
2023 | |
| | |
Estimated | |
December 31, | |
| (in thousands) | |
Useful Life | |
2024 | | |
2023 | |
| Machinery and equipment | |
3 - 5 years | |
$ | 363 | | |
$ | 363 | |
| Computer equipment and software | |
3 years | |
| 882 | | |
| 1,377 | |
| Furniture and fixtures | |
5 years | |
| 150 | | |
| 189 | |
| Leasehold improvements(1) | |
(1) | |
| 68 | | |
| 52 | |
| Gross property and equipment | |
| |
| 1,463 | | |
| 1,981 | |
| Accumulated depreciation and amortization | |
| |
| (1,394 | ) | |
| (1,816 | ) |
| Property and equipment, net | |
| |
$ | 69 | | |
$ | 165 | |
| (1) | Lesser
of remaining lease term or estimated useful life |
Depreciation
expense for property and equipment was $92,000 and $199,000 for the years ended December 31, 2024 and 2023, respectively.
|