v3.26.1
PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS
6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS PROPERTY AND EQUIPMENT AND INTANGIBLE ASSETS
Property and equipment is summarized as follows:
(in thousands)June 30,
2026
December 31,
2025
Furniture and equipment$1,534 $1,534 
Leasehold improvements306 306 
Less accumulated depreciation(1,639)(1,588)
Total property and equipment, net$201 $252 
Depreciation expense was $16,000 and $61,000 for the three months ended June 30, 2026 and 2025, respectively, and $51,000 and $148,000 for the six months ended June 30, 2026 and 2025, respectively.
Intangible assets, net of accumulated amortization, were $0 as of June 30, 2026 and December 31, 2025. Amortization expense was $0 and $38,000 for the three months ended June 30, 2026 and 2025, respectively, and $0 and $92,000 for the six months ended June 30, 2026 and 2025, respectively.