Quarterly report [Sections 13 or 15(d)]

Leasehold Improvements and Equipment

v3.26.1
Leasehold Improvements and Equipment
3 Months Ended
Mar. 31, 2026
Property, Plant, and Equipment [Abstract]  
Leasehold Improvements and Equipment

Note 6 – Leasehold Improvements and Equipment

 

Leasehold improvements and equipment, summarized by major category, consist of the following as of March 31, 2026 and December 31, 2025:

 

 Schedule of Leasehold Improvements and Equipment

   

March 31,

2026

   

December 31,

2025

 
Leasehold improvements   $ 166     $ 166  
Total     166       166  
                 
Less: accumulated depreciation and amortization     28       28  
Leasehold improvements and equipment, net   $ 138     $ 138  

 

The Company’s leasehold improvements were written down to salvage value at December 31, 2025. As a result, no depreciation expense was incurred for the three months ended March 31, 2026. Depreciation and amortization expense for the three months ended March 31, 2025 was $18.