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

10. PROPERTY AND EQUIPMENT

 

Property and equipment, net consisted of the following (in thousands):

 

   June 30, 2025   December 31, 2024 
   As of 
   June 30, 2025   December 31, 2024 
Computer hardware and software  $3,610   $3,070 
Furniture, fixture, and equipment   9    9 
Total property and equipment   3,619    3,079 
Less: accumulated depreciation   (1,295)   (963)
Property and equipment, net  $2,324   $2,116 

 

For the three and six months ended June 30, 2025 depreciation expense was $176 thousand and $332 thousand, respectively. For the three and six months ended June 30, 2024 depreciation expense was $117 thousand and $220 thousand, respectively.