Property and Equipment, Net

3 Months Ended

Mar. 31, 2026

Property, Plant and Equipment [Abstract]

13)

PROPERTY AND EQUIPMENT, NET

Property and equipment, net consists of the following:


	March 31, 2026			December 31, 2025
Computer hardware and software (software in progress of $136 and $0, respectively)	$	1,873		$	8,587
Office furniture and equipment		163			435
Leasehold improvements		96			96
Total, at cost		2,132			9,118
Less: accumulated depreciation and amortization		(1,441	)		(8,395	)
Property and equipment, net	$	691		$	723

Depreciation and amortization expense under property and equipment was $168,000 and $1,029,000 for the three months ended March 31, 2026 and 2025, respectively.

During the three months ended March 31, 2026, the Company disposed of computer hardware, software, and equipment totaling $7,122,000. The accumulated depreciation on these systems totaled $7,122,000 at the time of disposal. During the year ended December 31, 2025, we disposed of computer hardware and software totaling $5,381,000. The accumulated depreciation on these systems totaled $4,018,000 at the time of disposal. We disposed of office furniture totaling $18,000 during the period. Accumulated depreciation at the time of this disposal totaled $18,000.