v3.26.1
Property and Equipment
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment

4. Property and Equipment

 

Property and equipment as of December 31, consists of the following (table in thousands):

 

   2025   2024 
Lab equipment (excluding equipment under finance leases)  $1,777   $1,765 
Finance lease right-of-use lab equipment obtained in exchange for finance lease liabilities, net   162    162 
Computer and office equipment   155    155 
Total property and equipment   2,094    2,082 
Less accumulated depreciation   (2,001)   (1,929)
Property and equipment, net  $93   $153 

 

Depreciation expense was $72,000 and $126,000 for the years ended December 31, 2025 and 2024, respectively.