Quarterly report [Sections 13 or 15(d)]

Property and Equipment

v3.25.1
Property and Equipment
 3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consisted of the following (in thousands):
  March 31, 2025 December 31, 2024
  Gross Assets
Accumulated
Depreciation
 Total Gross Assets
Accumulated Depreciation
 Total
Furniture, fixtures, and equipment $ 6,317 $ (4,744) $ 1,573 $ 6,180 $ (4,588) $ 1,592
Automobiles 87 (87) — 87 (87) —
Leasehold improvements 4,963 (2,614) 2,349 4,911 (2,473) 2,438
 
Total $ 11,367 $ (7,445) $ 3,922 $ 11,178 $ (7,148) $ 4,030
Depreciation expense for property and equipment for both the three months ended March 31, 2025 and 2024 was $0.3 million. This expense was recorded in “general and administrative expenses” for each period.