PROPERTY, EQUIPMENT AND SOFTWARE

9 Months Ended

Sep. 30, 2024

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,
	2024		2023
Computers, software and peripheral equipment	$	40,661	$	39,453
Leasehold improvements		8,665		9,678
Furniture and office equipment		6,201		5,674
Property, equipment and software		55,527		54,805
Accumulated depreciation		(41,058)		(39,306)
Property, equipment and software, net	$	14,469	$	15,499

Depreciation expense for the three months ended September 30, 2024 and 2023 was $2,108 and $1,984, respectively, and $6,314 and $5,960 for the nine months ended September 30, 2024 and 2023, respectively.

During the three and nine months ended September 30, 2024, the Company retired computers, software, and peripheral equipment with a cost of $2,844 and $4,562, respectively, that were fully depreciated. During the three months ended September 30, 2023, the Company retired computers, software, and peripheral equipment with a cost of $2,640 that were fully depreciated.