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Property, Equipment and Software, Net
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property, Equipment, and Software, Net

NOTE 6 — Property, Equipment, and Software, Net

Property, equipment, and software consisted of the following:

 

 

As of December 31,

 

 

2023

 

 

2022

 

 

 

 

 

 

 

Furniture and equipment

$

447

 

 

$

740

 

Capitalized internal-use software

 

3,655

 

 

 

2,310

 

 

4,102

 

 

 

3,050

 

Less: accumulated depreciation and amortization

 

(1,548

)

 

 

(765

)

$

2,554

 

 

$

2,285

 

 

 

 

 

 

 

 

The Company recognized depreciation and amortization expense as follows:

 

 

 

Year Ended December 31,

 

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

Depreciation expense

 

$

84

 

 

$

164

 

Amortization of capitalized internal-use software

 

 

902

 

 

 

285

 

Total depreciation and amortization

 

$

986

 

 

$

449

 

 

 

 

 

 

 

 

 

During the year ended December 31, 2023, the Company disposed of equipment with a book value of $90 for $29, resulting in a loss on disposal of $61.