Below is a summary of the Company’s property and equipment as of December 31, 2025 and 2024 (in thousands):

  ​ ​ ​

Balance as of

  ​ ​ ​

December 31, 2025

  ​ ​ ​

December 31, 2024

Computer hardware

$

1,562

$

2,257

Computer software

 

1,055

 

1,055

Furniture and fixtures

 

206

 

489

Leasehold improvements

 

424

 

783

 

3,247

 

4,584

Less – accumulated depreciation

 

(2,949)

 

(4,228)

Total property and equipment, net

$

298

$

356

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Historical Timeline

Fiscal YearFiled
2025Mar 26, 2026Showing above
2024Feb 27, 2025
2023Mar 28, 2024
2022Mar 30, 2023
2021Mar 23, 2022

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.