v3.25.2
PROPERTY AND EQUIPMENT, NET
6 Months Ended
Jun. 30, 2025
PROPERTY AND EQUIPMENT, NET  
PROPERTY AND EQUIPMENT, NET

4.

PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following:

    

June 30, 2025

December 31, 2024

Computer hardware and software

$ 48,837

$ 44,079

Furniture, fixture, and equipment

2,206

2,205

Total depreciable property and equipment

51,043

46,284

Less: accumulated depreciation

(38,838)

(35,262)

Depreciable property and equipment, net

12,205

11,022

Assets under development

1,229

593

Property and equipment, net

$ 13,434

$ 11,615

For the three months ended June 30, 2025 and 2024, depreciation expense was $1,587 and $1,891, respectively. For the six months ended June 30, 2025 and 2024, depreciation expense was $3,532 and $3,950, respectively.