Annual report [Section 13 and 15(d), not S-K Item 405]

Property, Plant, and Equipment

v3.26.1
Property, Plant, and Equipment
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment
Note 7: Property and Equipment
The Company’s property and equipment balances consisted of the following:
December 31,
2025 2024
(in thousands)
Leasehold improvements $ 2,324  $ 2,332 
Furniture & fixtures 932  1,106 
Computer equipment & software 7,002  7,060 
Medical equipment 986  1,082 
Software (development in process) —  343 
Vehicles 395  659 
Other 31  — 
11,670  12,582 
Less: accumulated depreciation (8,296) (6,848)
Property and equipment, net $ 3,374  $ 5,734 
Total depreciation of property and equipment recognized on the consolidated statements of operations was $2.2 million and $2.4 million for the years ended December 31, 2025 and 2024, respectively.
The Company closed on the sale of the remaining Florida assets on May 1, 2025. As of December 31, 2024, the Company determined that the carrying value of the assets was less than the fair value and a loss on impairment of assets held for sale was recognized on the consolidated statement of operations for the year ended December 31, 2024. The fair value was determined based on a quoted market price less costs to sell. Net assets classified as held for sale for the Company’s remaining Florida operations are summarized as follows as of December 31, 2024 (in thousands):
Assets:
Property and equipment, net $ 571 
Intangible assets, net 7,576 
Other long-term assets 314 
Accumulated impairment (8,058)
Total assets $ 403 
Liabilities:
Accrued expenses and other current liabilities $ 56 
Operating lease liability 297 
Total liabilities $ 353 
Net assets $ 50