v3.26.1
Property and Equipment, Net
3 Months Ended
Mar. 31, 2026
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

NOTE 5 – PROPERTY AND EQUIPMENT, NET

Property and equipment, net, consisted of the following:

 

 

 

Useful Life

 

March 31, 2026

 

 

December 31, 2025

 

(in thousands)

 

 

 

 

 

 

 

 

Computer equipment

 

3

 

$

107

 

 

$

107

 

Computer software

 

3

 

 

286

 

 

 

286

 

 

 

 

 

 

393

 

 

 

393

 

Less: accumulated depreciation

 

 

 

 

(286

)

 

 

(269

)

Property and equipment, net

 

 

 

$

107

 

 

$

124

 

 

Depreciation and amortization expense for the three months ended March 31, 2026 and 2025, was $17,000 and $13,000, respectively. These amounts are included in general and administrative expenses in the consolidated statements of operations and comprehensive loss.