Quarterly report [Sections 13 or 15(d)]

Property and Equipment, net

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

 

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

               
    As of
    June 30, 2026   December 31, 2025
Furniture and Equipment   $ 98     $ 98  
Computer Equipment     852       827  
Leasehold Improvements     2,230       2,230  
Software     367       316  
Property and Equipment, gross     3,547       3,471  
                 
Less Accumulated Depreciation     (2,002 )     (1,626 )
Foreign Currency Translation Adjustment     (218 )     (210 )
Property and Equipment, net   $ 1,327     $ 1,635  

 

During the three months ended June 30, 2026 and June 30, 2025, the Company recorded depreciation expense of $0.2 million and $0.1 million, respectively.

 

During the six months ended June 30, 2026 and June 30, 2025, the Company recorded depreciation expense of $0.3 million and $0.3 million, respectively.

 

During the six months ended June 30, 2026 and June 30, 2025, the Company did not incur any impairment charges on its property and equipment.