PROPERTY, EQUIPMENT AND SOFTWARE

9 Months Ended

Sep. 30, 2025

PROPERTY, EQUIPMENT AND SOFTWARE

PROPERTY, EQUIPMENT AND SOFTWARE

NOTE 9 – PROPERTY, EQUIPMENT AND SOFTWARE

Composition of property, equipment and software, grouped by major classifications, is as follows:

	September 30,		December 31,
	2025		2024
Computers, software and peripheral equipment	$	47,899	$	43,003
Leasehold improvements		12,738		8,846
Furniture and office equipment		6,553		6,286
Property, equipment and software		67,190		58,135
Accumulated depreciation		(46,638)		(42,082)
Property, equipment and software, net	$	20,552	$	16,053

Depreciation expense for the three months ended September 30, 2025 and 2024 was $2,687 and $2,108, respectively, and $7,382 and $6,314 for the nine months ended September 30, 2025 and 2024, respectively.

During the three and nine months ended September 30, 2025, the Company disposed of computers, software, and peripheral equipment with a cost of $2,647 and $2,826, respectively, that were fully depreciated. During the three and nine months ended September 30, 2024, the Company disposed of computers, software, and peripheral equipment with a cost of $2,844 and $4,562, respectively, that were fully depreciated.