At March 31, 2026 and December 31, 2025, property and equipment, net, and other assets consisted of the following (in thousands):


	March 31,		December 31,
	2026		2025
	(Unaudited)
Property and equipment, net of accumulated depreciation of $3,506 and $3,447 as of March 31, 2026 and December 31, 2025, respectively	$	2,736	$	2,883
Right-of-use operating lease assets		2,008		2,112
Security deposits and other assets		716		643
Property and equipment, net, and other assets	$	5,460	$	5,638

We compute depreciation using the straight-line method over the estimated useful lives of the property and equipment. Depreciation expense for the three months ended March 31, 2026 was $181 thousand, including $163 thousand of depreciation expense reflected within “Cost of revenue” in our condensed consolidated statements of operations, as it related to assets used in directly servicing customer contracts. Depreciation expense for the three months ended March 31, 2025 was $241 thousand, including $202 thousand of depreciation expense reflected within “Cost of revenue”.

Right-of-use operating lease assets are recognized in accordance with ASC 842. See Note 9, Leases for additional information.