XML 31 R14.htm IDEA: XBRL DOCUMENT v3.25.4
Property and Equipment, net
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, net Property and Equipment, net
Property and equipment, net consists of the following (in thousands):
December 31,
20252024
Computer hardware$1,349 $1,272 
Furniture and fixtures1,270 661 
Software104 104 
Leasehold improvements1,568 1,568 
Property and equipment, gross4,291 3,605 
Less accumulated depreciation(3,248)(2,564)
Property and equipment, net$1,043 $1,041 
Depreciation expense was $0.7 million, $0.6 million, and $0.8 million for the years ended December 31, 2025, 2024, and 2023 respectively. Leasehold improvements are depreciated over the term of the lease, which is the shorter of the improvements' expected useful lives and the lease term. All other fixed asset depreciation is recorded using the straight-line method over the estimated useful lives of the assets (two to five years).