Selected Balance Sheet Detail

3 Months Ended

Mar. 31, 2026

Note 6. Selected Balance Sheet Detail

Property and Equipment, Net

Property and equipment, net consisted of the following (in thousands):

	March 31,		December 31,
	2026		2025
Property and equipment at cost:
Equipment	$	2,606	$	4,161
Furniture and fixtures		380		380
Computer software		170		30
Construction in progress		920		1,362
Total property and equipment		4,076		5,933
Accumulated depreciation and amortization		(1,324)		(3,054)
Property and equipment, net	$	2,752	$	2,879

Contract Liabilities

Contract liabilities amounted to $335,000 as of both March 31, 2026 and December 31, 2025, and are included in accrued expenses on the condensed consolidated balance sheets.