Quarterly report [Sections 13 or 15(d)]

Property and Equipment

v3.25.3
Property and Equipment
 9 Months Ended
Sep. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consisted of the following (in thousands):
  September 30, 2025 December 31, 2024
  Gross Assets
Accumulated
Depreciation
 Total Gross Assets
Accumulated Depreciation
 Total
Furniture, fixtures, and equipment $ 6,344 $ (4,871) $ 1,473 $ 6,180 $ (4,588) $ 1,592
Automobiles 66 (66) — 87 (87) —
Leasehold improvements 5,089 (2,912) 2,177 4,911 (2,473) 2,438
 
Total $ 11,499 $ (7,849) $ 3,650 $ 11,178 $ (7,148) $ 4,030
Depreciation expense for property and equipment for both the three and nine months ended September 30, 2025 was $0.3 million and $0.9 million compared to $0.3 million and $0.9 million for the same prior year periods, respectively. This expense was recorded in “general and administrative expenses” for each period.