v3.25.2
Note 5 - Property and Equipment, Net
6 Months Ended
Jun. 30, 2025
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

Note 5. Property and Equipment, Net

 

Property and equipment, net, as of June 30, 2025 and December 31, 2024 were as follows:

 

   

June 30,

   

December 31,

 

(in thousands)

 

2025

   

2024

 

Lab equipment

  $ 3,437     $ 3,437  

Office equipment

    178       178  

Computer software

    459       459  

Leasehold improvements

    9,983       9,983  

Construction in progress

    1,298       1,298  
      15,355       15,355  

Less accumulated depreciation

    (8,646 )     (7,876 )

Total property and equipment, net

  $ 6,709     $ 7,479  

 

Depreciation expense recorded in research and development expense and general and administrative expense during the three and six months ended June 30, 2025 and 2024 was as follows:

 

   

Three Months Ended June 30,

   

Six Months Ended June 30,

 

(in thousands)

 

2025

   

2024

   

2025

   

2024

 

General and administrative

  $ 29     $ 67     $ 95     $ 133  

Research and development

    337       347       675       701  

Total depreciation expense

  $ 366     $ 414     $ 770     $ 834