Note 3 - Property and Equipment |
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| Property, Plant, and Equipment [Text Block] |
NOTE 3— PROPERTY AND EQUIPMENT
Property and equipment consist of the following (in thousands):
Property and equipment is stated at cost less accumulated depreciation. Cost represents the purchase price of the asset and other costs incurred to bring the asset into its existing use. Depreciation expense related to property and equipment was $13,000 in 2026 and $13,000 in 2025, respectively, all of which was included in general and administrative expense in the consolidated statements of operations.
Depreciation of property and equipment is calculated using the straight-line method over their estimated useful lives as follows:
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