Selected Balance Sheet Detail

12 Months Ended

Dec. 31, 2025

5. Selected Balance Sheet Detail

Property and equipment, net of accumulated depreciation

Property and equipment consisted of the following as of December 31, 2025 and 2024 (in thousands):

	December 31,
	2025			2024
Property and equipment at cost:
Equipment	$	4,161		$	3,937
Furniture and fixtures		380			367
Computer software		30			30
Construction in progress		1,362			—
Total property and equipment		5,933			4,334
Accumulated depreciation		(3,054	)		(2,641	)
Property and equipment, net	$	2,879		$	1,693

Contract Liabilities

Contract liabilities amounted to $335,000 and $335,000 as of December 31, 2025 and 2024, respectively, and are included in accrued expenses on the balance sheet.