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Fixed Assets
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Fixed Assets

Note 4: Fixed Assets

 

The components of fixed assets are as follows (in thousands):

          
   December 31, 
   2025   2024 
Computer equipment  $100   $243 
Furniture & equipment   –    331 
Leasehold improvements   705    705 
Total fixed assets, gross   805    1,279 
Less: Accumulated depreciation   (669)   (914)
Total fixed assets, net  $136   $365 

 

Included in leasehold improvements is $488,000 of tenant improvement allowance associated with a lease signed in March 2019 related to the Company’s corporate headquarters. Depreciation expense on fixed assets for the years ended December 31, 2025 and 2024 totaled $249,000 (including impairment charge of $63,000 on the leasehold improvements – See Note 10) and $149,000, respectively. Disposals amounted to $494,000 during the year ended December 31, 2025 and mostly related to computer equipment and office furniture and equipment which the Company abandoned as part of the sublease entered into in December 2025 (see Note 10). No disposals were made during the years ended December 31, 2024.