Quarterly report [Sections 13 or 15(d)]

Property and Equipment

v3.26.1
Property and Equipment
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment consisted of the following (in thousands):
June 30, 2026 December 31, 2025
Gross Assets
Accumulated
Depreciation
 Total Gross Assets
Accumulated Depreciation
 Total
Furniture, fixtures, and equipment $ 6,518 $ (5,282) $ 1,236 $ 6,358 $ (5,032) $ 1,326
Automobiles 66 (66) — 66 (66) —
Leasehold improvements 5,142 (3,375) 1,767 5,099 (3,066) 2,033
Total $ 11,726 $ (8,723) $ 3,003 $ 11,523 $ (8,164) $ 3,359
Depreciation expense for property and equipment for both the three and six months ended June 30, 2026 was $0.3 million and $0.6 million compared to $0.3 million and $0.6 million for the same prior year periods, respectively. This expense was recorded in “general and administrative expenses” for each period.