v3.25.2
Fixed Assets, Net
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Fixed Assets, Net

4. Fixed Assets, Net

Fixed assets, net consisted of the following (in thousands):

 

 

 

JUNE 30,
2025

 

 

DECEMBER 31,
2024

 

Laboratory equipment

 

$

1,208

 

 

$

1,219

 

Manufacturing equipment

 

 

609

 

 

 

695

 

Furniture and fixtures

 

 

159

 

 

 

159

 

Networking and computer equipment

 

 

131

 

 

 

85

 

Leasehold improvements

 

 

3,109

 

 

 

3,109

 

Total fixed assets

 

$

5,216

 

 

$

5,267

 

Less: accumulated depreciation

 

 

(3,558

)

 

 

(3,076

)

Fixed assets, net

 

$

1,658

 

 

$

2,191

 

 

Depreciation expense was $0.2 million and $0.5 million for each of the three and six months ended June 30, 2025 and 2024, respectively.