Property and Equipment

3 Months Ended

Mar. 31, 2025

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

Property and equipment consisted of the following (in thousands):

	March 31, 2025						December 31, 2024
	Gross Assets		Accumulated Depreciation		Total		Gross Assets		Accumulated Depreciation		Total
Furniture, fixtures, and equipment	$	6,317	$	(4,744)	$	1,573	$	6,180	$	(4,588)	$	1,592
Automobiles	87		(87)		—		87		(87)		—
Leasehold improvements	4,963		(2,614)		2,349		4,911		(2,473)		2,438
Total	$	11,367	$	(7,445)	$	3,922	$	11,178	$	(7,148)	$	4,030

Depreciation expense for property and equipment for both the three months ended March 31, 2025 and 2024 was $0.3 million. This expense was recorded in “general and administrative expenses” for each period.