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Note 6 - Property and Equipment
 12 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

NOTE 6. PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following (in thousands):

 

  

December 31,

  

December 31,

 
  

2023

  

2022

 

Office and laboratory equipment

 $20  $20 

Furniture and fixtures

  157   157 

Computer equipment and software

  431   412 

Leasehold improvements

  152   152 

Total property and equipment, at cost

  760   741 

Less: Accumulated depreciation

  (673)  (622)

Total property and equipment, net

 $87  $119 

 

Depreciation expense was $51 thousand and $120 thousand for the years ended December 31, 2023 and 2022, respectively.

 

During the year ended December 31, 2022, the Company disposed of damaged, unusable and fully depreciated property and equipment with a cost of approximately $68 thousand and recognized an immaterial loss on the disposal of these assets in the consolidated statements of operation.

 

During the years ended December 31, 2023 and 2022, the Company recorded an impairment charge of $2 thousand and $66 thousand, net, respectively, for DERMAdoctor property and equipment which is reflected in the general and administrative caption in the Company’s consolidated statements of operations. See also Note 2, “Summary of Significant Accounting Policies”. Subsequent to December 31, 2023, on March 25, 2024, we closed the DERMAdoctor Divestiture. See additional information in Note 21, “Subsequent Events”.