v3.26.1
PREMISES AND EQUIPMENT, NET
6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
PREMISES AND EQUIPMENT, NET PREMISES AND EQUIPMENT, NET
Premises and equipment, net consists of the following:
(in thousands)June 30,
2026
December 31,
2025
Computer hardware and software$45,920 $46,093 
Leasehold improvements709 709 
Furniture and fixtures72 72 
Office equipment and other193 17 
46,894 46,891 
Less: Accumulated depreciation and amortization(46,386)(46,638)
Total$508 $253 
Depreciation and amortization expense amounted to $0.1 million and $0.4 million for the six months ended June 30, 2026 and 2025, respectively ($0.1 million and $0.2 million for the second quarters of 2026 and 2025, respectively), and is included in cost of revenue for operating assets and in selling, general and administrative expenses for non-operating assets in the accompanying condensed consolidated statements of operations and comprehensive (loss) income.
Premises and equipment, net consist of the following by country:
(in thousands)June 30,
2026
December 31,
2025
Luxembourg$110 $190 
India383 40 
United States13 20 
Uruguay
Total$508 $253