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

NOTE 7 - PROPERTY AND EQUIPMENT

The following table sets forth the Company’s property and equipment, net as of December 31, 2025 and 2024:

December 31,

(in thousands)

  ​ ​ ​

2025

  ​ ​ ​

2024

Office equipment

$

117

$

117

Property and equipment

 

117

 

117

Less: Accumulated depreciation

 

(27)

 

(4)

Property and equipment, net

$

90

$

113

Depreciation expense totaled $23 thousand and $4 thousand for the years ended December 31, 2025 and 2024, respectively, which is included within general and administrative expenses on the consolidated statements of operations and comprehensive loss.