Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.24.1.u1
Property and Equipment
3 Months Ended
Mar. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment

NOTE 5 – PROPERTY AND EQUIPMENT

Property and equipment consist of the following at:

(in thousands)

 

March 31, 2024

 

 

December 31, 2023

 

Equipment

 

$

141

 

 

$

141

 

Furniture and fixtures

 

 

621

 

 

 

621

 

Total cost

 

 

762

 

 

 

762

 

Accumulated depreciation

 

 

(183

)

 

 

(151

)

Property and equipment, net

 

$

579

 

 

$

611

 

 

Depreciation expense was $32 thousand and $154 thousand for the three months ended March 31, 2024 and 2023, respectively.