Quarterly report [Sections 13 or 15(d)]

Property and Equipment, net

v3.26.1
Property and Equipment, net
 3 Months Ended
Mar. 31, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment, net

Note 6: Property and Equipment, net

 

The Company has property and equipment as follows (in thousands):

               
    As of  
    March 31, 2026     December 31, 2025  
Furniture and Equipment   $ 98     $ 98  
Computer Equipment     843       827  
Leasehold Improvements     2,230       2,230  
Software     332       316  
Property and Equipment, gross     3,503       3,471  
                 
Less Accumulated Depreciation     (1,838 )     (1,626 )
Foreign Currency Translation Adjustment     (189 )     (210 )
Property and Equipment, net   $ 1,476     $ 1,635  

 

During the three months ended March 31, 2026 and March 31, 2025, the Company recorded depreciation expense of $0.2 million and $0.1 million, respectively.

 

During the three months ended March 31, 2026 and March 31, 2025, the Company did not incur any impairment charges on its property and equipment.