v3.26.1
Property and Equipment , net
6 Months Ended
Jun. 30, 2026
Property, Plant and Equipment [Abstract]  
Property and Equipment , net

6. Property and equipment, net

Property and equipment, net consists of the following:

 

 

June 30,

 

 

December 31,

 

 

2026

 

 

2025

 

 

($'000)

 

 

($'000)

 

Leasehold improvements

 

$

751

 

 

$

764

 

Office equipment

 

 

196

 

 

 

210

 

IT equipment

 

 

125

 

 

 

248

 

Property and equipment, at cost

 

 

1,072

 

 

 

1,222

 

Less: accumulated depreciation

 

 

(1,018

)

 

 

(1,085

)

Property and equipment, net

 

$

54

 

 

$

137

 

 

Depreciation expense was less than $0.1 million for both the three months ended June 30, 2026 and 2025. Depreciation expense was $0.1 million for both the six months ended June 30, 2026 and 2025.