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

NOTE 6– PROPERTY AND EQUIPMENT, NET

 

Property and equipment, net consist of the following at June 30, 2026 and December 31, 2025, in thousands:

  

June 30,

2026

  

December 31,

2025

 
Machinery and equipment  $37   $186 
Website development costs   290    290 
Computer and office equipment   23    12 
Software development costs   867    553 
Total   1,217    1,041 
Less accumulated depreciation   (715)   (718)
Property and equipment, net  $502   $323 

 

During the three months ended June 30, 2026 and 2025, the Company recognized $61 thousand and $85 thousand of depreciation and amortization, respectively. During the six months ended June 30, 2026 and 2025, the Company recognized $120 thousand and $169 thousand of depreciation and amortization, respectively.

 

During the six months ended June 30, 2026 and 2025, the Company reduced the value of software development cost by $32 thousand and $54 thousand, related to a non-monetary exchange with a third party and their use of our mission control software. This software development cost was for software originally developed for internal use and has subsequently been sold to the third party in a non-monetary transaction.