PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2025

. PROPERTY AND EQUIPMENT

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


	March 31, 2025			December 31, 2024
Computer hardware and software	$	13		$	13
Office furniture and equipment		1,114			1,114
Leasehold improvements		3,331			3,331
Property and equipment, gross		4,458			4,458
Less: accumulated depreciation		(4,154	)		(4,073	)
Property and equipment, net	$	304		$	385

Depreciation expense was $0.1 million and $0.2 million for the three months ended March 31, 2025 and 2024, respectively.

The Company notes no impairment charges were taken in the three months ended March 31, 2025 and 2024.