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PROPERTY AND EQUIPMENT, NET
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET PROPERTY AND EQUIPMENT, NET
Property and equipment, net consisted of the following (in thousands):
As of December 31,
20242023
Computers and equipment$170 $170 
Furniture and fixtures1,930 1,930 
Leasehold improvements7,937 7,937 
Commercial building6,493 6,493 
Land4,151 4,151 
Construction in progress2,570 2,570 
Total property and equipment23,251 23,251 
Less: accumulated depreciation(9,630)(8,879)
Property and equipment, net$13,621 $14,372 
Depreciation expense related to property and equipment is recorded in General and administrative, Sales and marketing, and Interest and other expenses, net on the Consolidated Statements of Operations. Depreciation expense related to property and equipment for the years ended December 31, 2024, 2023 and 2022 was $0.8 million, $1.4 million and $2.0 million, respectively.