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Property And Equipment
 6 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
Property And Equipment

NOTE 5 – PROPERTY AND EQUIPMENT

The Company’s property and equipment, net consisted of the following (in thousands):

 

 

As of

 

 

June 30, 2024

 

 

December 31, 2023

 

Leasehold improvements

 

$

7,567

 

 

$

7,566

 

Capitalized software costs

 

 

4,709

 

 

 

4,172

 

Furniture and equipment

 

 

3,348

 

 

 

3,265

 

Construction in progress

 

 

1,784

 

 

 

583

 

Gross property and equipment

 

 

17,408

 

 

 

15,586

 

Less: Accumulated depreciation and amortization

 

 

(6,678

)

 

 

(5,320

)

Property and equipment, net

 

$

10,730

 

 

$

10,266

 

Depreciation and amortization expense was $0.7 million and $0.8 million for the three months ended June 30, 2024 and 2023, respectively, and $1.4 million and $1.5 million for the six months ended June 30, 2024 and 2023, respectively.