v3.25.1
Property and Equipment
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment

8. Property and equipment

Property and equipment consisted of the following:

 

As of December 31,

 

 

 

2024

 

 

 

2023

 

Leasehold land and buildings

$

4,887

 

 

$

3,402

 

Equipment, fixtures and fittings

 

2,817

 

 

 

1,527

 

 

 

7,704

 

 

 

4,929

 

Less: accumulated depreciation

 

(3,083

)

 

 

(1,700

)

 

$

4,621

 

 

$

3,229

 

Depreciation expense for the years ended December 31, 2024, 2023 and 2022 was $1.6 million, $0.9 million and $0.6 million, respectively.