PROPERTY AND EQUIPMENT, NET

6 Months Ended

Jun. 30, 2023

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

NOTE 3 — PROPERTY AND EQUIPMENT, NET

Property and equipment, net is recorded in other assets in the condensed consolidated balance sheets at June 30, 2023 and December 31, 2022 and consisted of the following:

	Estimated Useful		June 30,			December 31,
	Life (in years)		2023			2022
Fixtures, fittings and equipment		3 - 5	$	5,459		$	4,136
Platform hardware		5		2,351			2,313
Total property and equipment, cost				7,810			6,449
Less: accumulated depreciation				(4,623	)		(3,599	)
Total			$	3,187		$	2,850

Depreciation expense related to property and equipment was $371 and $303 for the three months ended June 30, 2023 and 2022, respectively, and $736 and $614 for the six months ended June 30, 2023 and 2022, respectively.

GAN LIMITED

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

(in thousands, except share and per share amounts)