v3.25.2
Property and Equipment, net
6 Months Ended
Jun. 30, 2025
Property and Equipment, net  
Property and Equipment, net
6.
Property and Equipment, net

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

 

JUNE 30,
2025

 

 

DECEMBER 31,
2024

 

Lab equipment

 

$

1,407

 

 

$

1,285

 

Leasehold improvements

 

 

3,075

 

 

 

863

 

Furniture and fixtures

 

 

1,760

 

 

 

 

IT equipment

 

 

992

 

 

 

 

Less: Accumulated depreciation

 

 

(796

)

 

 

(189

)

Total

 

$

6,438

 

 

$

1,959

 

The Company recognized $0.4 million and $0.6 million of depreciation expense for the three and six months ended June 30, 2025, respectively. The Company recognized an immaterial amount of depreciation expense for the three and six months ended June 30, 2024.