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

4. Property and Equipment, Net

 

Property and equipment, net are as follows (in thousands):

 

   June 30, 2025   December 31, 2024 
Property and equipment  $15   $12 
           
Subtotal   15    12 
Less accumulated depreciation   (2)   - 
Property and equipment, net  $13   $12 

 

Depreciation is computed on a straight-line basis over the estimated useful lives of the assets. The useful life for furniture and equipment is seven years.

 

Depreciation expense was approximately $1,000 and nil for the three months ended June 30, 2025 and 2024, respectively. Depreciation expense was approximately $2,000 and nil for the six months ended June 30, 2025 and 2024, respectively.