v3.26.1
Property and Equipment, Net
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment, Net
13)
PROPERTY AND EQUIPMENT, NET

Property and equipment, net consists of the following:

 

 

June 30, 2026

 

 

December 31, 2025

 

Computer hardware and software (software in progress of $321 and $0, respectively)

$

2,058

 

 

$

8,587

 

Office furniture and equipment

 

214

 

 

 

435

 

Leasehold improvements

 

96

 

 

 

96

 

Total, at cost

 

2,368

 

 

 

9,118

 

Less: accumulated depreciation and amortization

 

(1,499

)

 

 

(8,395

)

Property and equipment, net

$

869

 

 

$

723

 

 

Depreciation and amortization expense under property and equipment was $57,000 and $225,000 for the three and six months ended June 30, 2026, respectively. Depreciation and amortization expense under property and equipment was $998,000 and $2,027,000 for the three and six months ended June 30, 2025, respectively.

During the six months ended June 30, 2026, the Company disposed of computer hardware, software, and equipment totaling $7,122,000. The accumulated depreciation on these systems totaled $7,122,000 at the time of disposal. During the year ended December 31, 2025, we disposed of computer hardware and software totaling $5,381,000. The accumulated depreciation on these systems totaled $4,018,000 at the time of disposal. We disposed of office furniture totaling $18,000 during the period. Accumulated depreciation at the time of this disposal totaled $18,000.