Property and equipment, net consisted of the following as of (in thousands):


	June 30, 2025			December 31, 2024
Lab equipment	$	1,382		$	1,382
Furniture and fixtures		351			351
Computer equipment		89			89
Leasehold improvements		1,001			1,001
Total property and equipment		2,823			2,823
Less accumulated depreciation		(1,663	)		(1,453	)
Property and equipment, net	$	1,160		$	1,370

Depreciation expense was approximately $0.1 million and $0.2 million, respectively, for the three and six months ended June 30, 2025 and $0.1 million and $0.2 million, respectively, for the three and six months ended June 30, 2024. No impairment losses occurred in the three and six months ended June 30, 2025 and 2024. The Company had no losses on disposal of fixed assets for the three and six months ended June 30, 2025 and 2024.