PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2022

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

NOTE 6 – PROPERTY AND EQUIPMENT

Property and equipment consisted of the following at December 31, 2022 and 2021 (in thousands):

	2022		2021
Building	$	200	$	200
Building improvements		14		14
Leasehold improvements		450		176
Office equipment		1,057		467
Software		88		88
Other equipment		678		335
Construction in progress		14		85
Property and equipment, at cost		2,501		1,365
Accumulated depreciation		(768)		(292)
Property and equipment, net of accumulated depreciation	$	1,733	$	1,073

For the years ended December 31, 2022 and 2021, the Company recorded depreciation expense of $484,000 and $156,000, respectively.