Property and Equipment

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

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

	December 31, 2025						December 31, 2024
	Gross Assets		Accumulated Depreciation		Total		Gross Assets		Accumulated Depreciation		Total
Furniture, fixtures, and equipment	$	6,358	$	(5,032)	$	1,326	$	6,180	$	(4,588)	$	1,592
Automobiles	66		(66)		—		87		(87)		—
Leasehold improvements	5,099		(3,066)		2,033		4,911		(2,473)		2,438
Total	$	11,523	$	(8,164)	$	3,359	$	11,178	$	(7,148)	$	4,030

Depreciation expense for property and equipment for each of the years ended December 31, 2025 and 2024 was $1.2 million and $1.3 million, respectively. This expense was recorded in “general and administrative expenses” for each period.