Property and Equipment, net

3 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment, net

Note 4: Property and Equipment, net

	(in thousands)
	March 31, 2024			December 31, 2023
Furniture, fixtures, and equipment	$	1,448		$	1,448
Less: accumulated depreciation		(1,330	)		(1,321	)
Property and equipment, net	$	118		$	127

Property and equipment are recorded at cost. Depreciation is 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 three months ending March 31, 2024 and March 31, 2023 was $9,000 and $11,000, respectively.