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

Property and Equipment

v3.25.0.1
Property and Equipment
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 7 – Property and Equipment

Property and equipment consisted of the following:

 

 

 

December 31,

 

 

December 31,

 

 

 

2024

 

 

2023

 

Furniture and equipment

 

$

4,046

 

 

$

4,258

 

Computers and software

 

 

19,679

 

 

 

20,231

 

Vehicles

 

 

285

 

 

 

635

 

Leasehold improvements

 

 

7,344

 

 

 

7,434

 

Construction in progress

 

 

2,318

 

 

 

2,505

 

Less: accumulated depreciation

 

 

(19,021

)

 

 

(15,561

)

Total property and equipment

 

$

14,651

 

 

$

19,502

 

Depreciation expense for the years ended December 31, 2024, 2023 and 2022 was $6,067, $5,560 and $3,931, respectively.

During the year ended December 31, 2024, the Company recorded an impairment of $2,237 primarily related to a software asset for which the Company no longer had established cash flows to support continued recognition of such asset. The Company recorded an impairment of $985 for the year ended December 31, 2023 primarily related to leasehold improvements of the Rumble Held for Sale Studios. No impairment of property and equipment was recorded for the year ended December 31, 2022. Property and equipment impairment expenses are included within impairment of goodwill and other assets in the Company's consolidated statements of operations.