v3.26.1
Property and Equipment
 3 Months Ended
Mar. 31, 2026
Property and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following (in thousands):

 

   March 31,
2026		   December 31,
2025		 
   (unaudited)     
Computer equipment  $405   $405 
Furniture and fixtures   15    15 
Data warehouse   286    286 
Software   229    229 
Total cost   935    935 
Less accumulated depreciation and amortization   (870)   (865)
Property and equipment, net  $65   $70 

 

The useful life of computer equipment, furniture and fixtures, software and the data warehouse is three years. Intangible assets include data warehouse and software.

 

Depreciation and amortization expense for the three months ended March 31, 2026, and 2025, was $5,000 and $33,000, respectively. The amounts are included in general and administrative expenses in the condensed consolidated statements of operations.

 

On March 17, 2025, the Company announced the intent to acquire VICE CRM, an AI-enabled performance marketing platform designed to optimize return on investment for consumer marketing campaigns in highly regulated industries, and the appointment of Jaret Christopher, the founder of VICE CRM, as the Company’s CEO with effect from April 1, 2025. The acquisition was completed on July 31, 2025 and as a result approximately $49,000 of software was recorded in exchange for approximately $49,000 of stock. As of December 31, 2025, the company has recorded the transaction on the balance sheet as $17,000 of goodwill and $32,000 of software, under property and equipment. The transaction included a second stock issuance, which will fully vest in July 2026, upon Jaret Christopher reaching twelve months of service as CEO following the closing of the acquisition. The second stock issuance is accounted for as compensation expense and reflected in stock-based compensation which is included in general and administrative expenses in the condensed consolidated statements of operations.