4. | PROPERTY AND EQUIPMENT, NET |
Property and equipment, net consisted of the following: | | | | | | | March 31, 2026 | | December 31, 2025 | Computer hardware and software | | $ 54,885 | | $ 53,849 | Furniture, fixture, and equipment | | 2,206 | | 2,206 | Total depreciable property and equipment | | 57,091 | | 56,055 | Less: accumulated depreciation | | (43,846) | | (42,184) | Depreciable property and equipment, net | | 13,245 | | 13,871 | Assets under development | | 1,904 | | 443 | Property and equipment, net | | $ 15,149 | | $ 14,314 |
For the three months ended March 31, 2026 and 2025, depreciation expense was $1,679 and $1,945, respectively.
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