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PROPERTY AND EQUIPMENT, NET
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET

NOTE 6—PROPERTY AND EQUIPMENT, NET

 

Property and equipment consists of the following:

 

  

Estimated

Useful Life

(in years)

  As of December 31, 
      2023   2022 
      (in thousands) 
Cost:             
Computer hardware and software  3 - 5  $938   $864 
Equipment  7   157    155 
Leasehold improvements  Term of lease   356    355 
Intangible asset  Patent term   21    20 
       1,472    1,394 
Accumulated depreciation and amortization             
Computer hardware and software      403    247 
Equipment      153    151 
Leasehold improvements      346    343 
Intangible asset      *    * 
       902    741 
Property and equipment, net     $570   $653 

 

* less than $1,000

 

Depreciation and amortization in respect of property and equipment amounted to $161,000 and $122,000 for 2023 and 2022, respectively.