Property and Equipment, net

9 Months Ended

Sep. 30, 2023

Property, Plant and Equipment [Abstract]

Property and Equipment, net

Note 6: Property and Equipment, net

	(in thousands)
	September 30, 2023			December 31, 2022
Furniture, fixtures, and equipment		1,555			2,233
Less: accumulated depreciation		(1,419	)		(2,038	)
Property and equipment, net	$	136		$	195

Property and equipment are recorded at cost. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the respective assets, ranging from three to ten years. Depreciation expense for the nine months ending September 30, 2023 and September 30, 2022 was $30,000 and $29,000, respectively.