Property and Equipment

9 Months Ended

Sep. 30, 2025

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

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

	September 30, 2025						December 31, 2024
	Gross Assets		Accumulated Depreciation		Total		Gross Assets		Accumulated Depreciation		Total
Furniture, fixtures, and equipment	$	6,344	$	(4,871)	$	1,473	$	6,180	$	(4,588)	$	1,592
Automobiles	66		(66)		—		87		(87)		—
Leasehold improvements	5,089		(2,912)		2,177		4,911		(2,473)		2,438
Total	$	11,499	$	(7,849)	$	3,650	$	11,178	$	(7,148)	$	4,030

Depreciation expense for property and equipment for both the three and nine months ended September 30, 2025 was $0.3 million and $0.9 million compared to $0.3 million and $0.9 million for the same prior year periods, respectively. This expense was recorded in “general and administrative expenses” for each period.