Property and Equipment

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property and Equipment, net

(5)Property and Equipment, net

Property and equipment, net consisted of the following as of December 31, 2023 and 2022 (in thousands):

	December 31,
	2023			2022
Office furniture and equipment	$	765		$	681
Leasehold improvements		576			628
Total property and equipment, gross		1,341			1,309
Less: accumulated depreciation		(352	)		(135	)
Total property and equipment, net	$	989		$	1,174

Depreciation expense was $0.3 million and $0.1 million for 2023 and 2022, respectively.