v3.26.1
Property and Equipment, Net
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

4. Property and Equipment, Net

Property and equipment are as follows (in thousands):

 

 

Years Ended December 31,

 

 

2025

 

 

2024

 

Property and equipment

 

$

14

 

 

$

12

 

Subtotal

 

 

14

 

 

 

12

 

Less accumulated depreciation

 

 

(2

)

 

 

-

 

Property and equipment

 

$

12

 

 

$

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 for the years ended December 31, 2025 and 2024 was $2,000 and nil, respectively.