v3.25.2
Note 7 - Property and Equipment
6 Months Ended
Jun. 30, 2025
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

Note 7 Property and equipment

 

Property and equipment at June 30, 2025 and December 31, 2024, are summarized as follows:

 

  

June 30,

  

December 31,

 

(in thousands)

 

2025

  

2024

 

Machinery, furniture, and equipment

 $275  $225 

Leasehold improvements

  222   195 
   497   420 

Less: accumulated depreciation

  (85)  (48)

Total property and equipment, net

 $412  $372 

 

The Company recorded depreciation expense on property and equipment of $15 thousand and $17 thousand for the three months ended June 30, 2025 and 2024, respectively, which is included in general and administrative expenses in the condensed consolidated statements of operations. The Company recorded depreciation expense on property and equipment of $28 thousand and $26 thousand for the six months ended June 30, 2025 and 2024, respectively, which is included in general and administrative expenses in the condensed consolidated statements of operations.