Property and Equipment, Net

6 Months Ended

Jun. 30, 2025

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

Property and equipment, net consists of the following:


	June 30, 2025			December 31, 2024
Computer hardware and software	$	12,094		$	13,967
Office furniture and equipment		377			394
Leasehold improvements		96			—
Total, at cost		12,567			14,361
Less: accumulated depreciation and amortization		(8,822	)		(8,625	)
Property and equipment, net	$	3,745		$	5,736

Depreciation and amortization expense under property and equipment was $998,000 and $2,027,000 for the three and six months ended June 30, 2025, respectively. Depreciation and amortization expense under property and equipment was $1,253,000 and $2,526,000 for the three and six months ended June 30, 2024, respectively. During the first quarter of 2024, the Company moved capitalized software from discontinued operations to continuing operations to align with the Company's use of the system in the current year. Please see Note 4 for more detail.

During the six months ended June 30, 2025, the Company disposed of computer hardware, software, and equipment totaling $1,890,000. The accumulated depreciation on these systems totaled $1,830,000 at the time of disposal. During the year ended December 31, 2024, the Company disposed of computer hardware and software totaling $1,018,000. The accumulated depreciation on these systems totaled $953,000 at the time of disposal. The Company disposed of office furniture totaling $167,000 during the period. Accumulated depreciation at the time of this disposal totaled $163,000. In addition, the Company disposed of leasehold improvements totaling $311,000 during the period. Accumulated depreciation at the time of this disposal totaled $232,000. Finally, the Company impaired software totaling $1,035,000, due to lower expected cash flows over the remaining life of the software.