XML 26 R13.htm IDEA: XBRL DOCUMENT v3.25.2
Property and Equipment, Net
6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net consisted of the following (in thousands):
June 30,
2025
December 31,
2024
Software (1)
$7,337 $7,479 
Leasehold improvements9,929 9,759 
Equipment3,491 3,743 
Furniture and fixtures (2)
20 1,810 
Construction in progress632 260 
Total property and equipment, gross21,409 23,051 
Less: accumulated depreciation(17,181)(18,180)
Total$4,228 $4,871 
_________________
(1) The net book value of our software was $0.3 million as of both June 30, 2025 and December 31, 2024 and primarily related to certain portions of our playboy.com site.
(2) The decrease in furniture and fixtures is due to the write-off of certain of our property, plant and equipment items as a result of our decision to sublease certain of our corporate office space, which resulted in a $0.4 million loss on disposal of assets for the three and six months ended June 30, 2025.
The aggregate depreciation expense related to property and equipment, net was $0.5 million and $2.2 million for the three months ended June 30, 2025 and 2024, respectively, and $0.9 million and $3.6 million for the six months ended June 30, 2025 and 2024, respectively.