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Property and Equipment
 3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 4 – PROPERTY AND EQUIPMENT

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

 

 

As of

 

 

March 31, 2025

 

 

December 31, 2024

 

Leasehold improvements

 

$

9,111

 

 

$

9,038

 

Capitalized software costs

 

 

5,336

 

 

 

5,264

 

Furniture and equipment

 

 

3,795

 

 

 

3,767

 

Construction in progress

 

 

362

 

 

 

244

 

Gross property and equipment

 

 

18,604

 

 

 

18,313

 

Less: Accumulated depreciation and amortization

 

 

(9,008

)

 

 

(8,229

)

Property and equipment, net

 

$

9,596

 

 

$

10,084

 

Depreciation and amortization expense was $0.8 million and $0.7 million for the three months ended March 31, 2025 and 2024, respectively.