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PROPERTY AND EQUIPMENT
 9 Months Ended
Sep. 30, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

 

10.PROPERTY AND EQUIPMENT

 

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

 

   September 30, 2025   December 31, 2024 
   As of 
   September 30, 2025   December 31, 2024 
Computer hardware and software  $3,996   $3,070 
Furniture, fixture, and equipment   18    9 
Total property and equipment   4,014    3,079 
Less: accumulated depreciation   (1,500)   (963)
Property and equipment, net  $2,514   $2,116 

 

For the three and nine months ended September 30, 2025 depreciation expense was $205 thousand and $537 thousand, respectively. For the three and nine months ended September 30, 2024 depreciation expense was $135 thousand and $355 thousand, respectively.

 

 

THE REAL BROKERAGE INC.

NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED SEPTEMBER 30, 2025 AND 2024

UNAUDITED