Property and equipment consisted of the following:

		June 30,				December 31,
(In Thousands)		2025				2024
Computer and other related equipment		$	1,229			$	1,198
Purchased software			3,276				3,276
Furniture and fixtures			262				262
Software development costs			144				—
Software development costs - in progress			510				72
		$	5,421			$	4,808
Less: accumulated depreciation and amortization			(3,685	)			(2,997	)
Property and equipment, net		$	1,736			$	1,811

During the six months ended June 30, 2025, the Company recorded a loss on disposal of $25.0 thousand that is included within Product development on the Consolidated Statement of Operations.

In accordance with ASC 350-40, Internal-Use Software, and ASC 985-20, Software, the Company capitalizes eligible software development costs into Property and equipment, net on the Consolidated Balance Sheets. Under ASC 350-40, development costs for applicable projects will begin capitalization once the preliminary project stage is completed, management has committed to fully funding the computer software project, and it is probable that the project will be seen to completion and the software will be used to perform the function intended. Under ASC 985-20, development costs incurred after technological feasibility is established are capitalized to the extent they are recoverable by the anticipated net realizable value of the product until it is available to customers.

Depreciation and amortization expense related to property and equipment was as follows:

		Three Months Ended June 30,								Six Months Ended June 30,
(In Thousands)		2025				2024				2025				2024
Depreciation and amortization expense		$	335			$	309			$	713			$	618