Blüm Holdings Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Note 7 - Property, Equipment and Leasehold Improvements

Note 7 - Property, Equipment and Leasehold Improvements

3 Months Ended

Mar. 31, 2025

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

NOTE 7 – PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS

Property, equipment, and leasehold improvements consisted of the following:

	(in thousands)
	*March 31,*			*December 31,*
	*2025*			*2024*
Furniture and Equipment	$	41		$	41
Computer Hardware		52			52
Leasehold Improvements		621			621
Vehicles		7			7
Subtotal		721			721
Less Accumulated Depreciation		(541	)		(454	)
Property, Equipment and Leasehold Improvements, Net	$	180		$	267

Depreciation expense related to continuing operations was $0.09 million and $0.06 million for the three months ended March 31, 2025 and 2024, respectively.

All property, equipment and leasehold improvements related to discontinued operations are separately presented from the consolidated balance sheets as of March 31, 2025 and December 31, 2024. Refer to "Note 19 – Discontinued Operations".