Property and equipment, net consisted of the following:


	June 30, 2026			December 31, 2025
Land	$	5,561		$	5,561
Furniture and fixtures		169			163
Building construction in progress		5,601			2,828
Computer hardware and software		137			107
Total property and equipment		11,468			8,659
Less: accumulated depreciation		(127	)		(109	)
Total property and equipment, net	$	11,341		$	8,550

Depreciation expense was immaterial for the three and six months ended June 30, 2026 and 2025 and is included in general and administrative expenses. As of June 30, 2026, the building purchased in November 2025 has not been placed in service.

Capitalized Software, Net

Capitalized software, net consisted of the following (in thousands):


	June 30, 2026						December 31, 2025
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Website development	$	1,747	$	1,092	$	655	$	1,463	$	1,026	$	437
Internal-use software		1,094		748		346		1,025		681		344
Implementation costs		13		13		—		13		13		—
Total capitalized software	$	2,854	$	1,853	$	1,001	$	2,501	$	1,720	$	781

Amortization expense was $68 thousand and $134 thousand for the three and six months ended June 30, 2026, respectively, and amortization expense was $47 thousand and $93 thousand for the three and six months ended June 30, 2025, respectively.

As of June 30, 2026, estimated future amortization expense is expected as follows:


For the year ending December 31,	Amount
2026 (excluding the six months ended June 30, 2026)	$	142
2027		258
2028		230
2029		200
2030		151
Thereafter		20
Total capitalized software, net	$	1,001

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:


	June 30, 2026		December 31, 2025
Accrued bonus	$	1,030	$	552
Accrued credit card payable		337		497
Accrued interest		24		41
Accrued professional services		46		244
Accrued wages and benefits		329		39
Sales return estimate		240		416
Current portion of long-term debt		197		—
Other accrued liabilities		307		658
Total accrued expenses and other current liabilities	$	2,510	$	2,447