v3.25.2
Property and Equipment, Net
6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net
6.
PROPERTY AND EQUIPMENT, NET

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

 

 

June 30,

 

 

December 31,

 

 

2025

 

 

2024

 

Furniture and fixtures

 

$

214

 

 

$

214

 

Computer equipment and software

 

 

81

 

 

 

81

 

Equipment

 

 

843

 

 

 

816

 

Leasehold improvements

 

 

391

 

 

 

391

 

Construction in progress

 

 

761

 

 

 

 

Total property and equipment

 

 

2,290

 

 

 

1,502

 

Less accumulated depreciation

 

 

(560

)

 

 

(422

)

Property and equipment, net

 

$

1,730

 

 

$

1,080

 

 

Depreciation expense was $0.1 million and an immaterial amount for the three months ended June 30, 2025 and 2024, respectively. Depreciation expense was $0.1 million for each of the six months ended June 30, 2025 and 2024.