Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

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Property and Equipment
6 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following at:

 

(in thousands)

    June 30,
2024
    December 31,
2023
 
Equipment   $ 141     $  141  
Furniture and fixtures     621       621  
Total cost     762       762  
Accumulated depreciation     (216 )     (151 )
Property and equipment, net   $ 546     $ 611  

 

Depreciation expense was $65 thousand and $269 thousand for the six months ended June 30, 2024 and 2023, respectively.

 

Depreciation expense was $32 thousand and $114 thousand for the three months ended June 30, 2024 and 2023, respectively.