v3.25.2
Property and Equipment
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 3. Property and Equipment

Property and equipment consist of the following as of the respective period ends:

 

 

June 30,

 

 

December 31,

 

($ in thousands)

 

2025

 

 

2024

 

Leasehold improvements

 

$

6,060

 

 

$

1,055

 

Rooftop solar panel systems

 

 

4,958

 

 

 

4,958

 

Office equipment and furniture

 

 

1,284

 

 

 

687

 

Software systems

 

 

386

 

 

 

386

 

Computers and equipment

 

 

242

 

 

 

242

 

Construction in progress

 

 

92

 

 

 

5,440

 

Property and equipment, gross

 

 

13,022

 

 

 

12,768

 

Less: accumulated depreciation

 

 

(3,350

)

 

 

(3,641

)

Property and equipment, net

 

$

9,672

 

 

$

9,127

 

 

Depreciation expense was $0.3 million and $0.1 million during the three months ended June 30, 2025 and 2024, respectively, and $0.5 million and $0.3 million during the six months ended June 30, 2025 and 2024, respectively.