Property and equipment as of December 31, 2023 and 2022 consisted of the following (in thousands):
As of December 31,
20232022
Computer and office equipment$881 $826 
Furniture and fixtures103 226 
Leasehold improvements18 19 
Software25 38 
Total1,027 1,109 
Less: accumulated depreciation and amortization(750)(767)
Total Property and Equipment, Net$277 $342 
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Historical Timeline

Fiscal YearFiled
2023Apr 16, 2024Showing above
2021Mar 16, 2022
2020Mar 31, 2021

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.