v3.26.1
Property and Equipment, Net
3 Months Ended
Mar. 31, 2026
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net
4.
Property and Equipment, Net

Property and equipment, net as of March 31, 2026 and December 31, 2025 consisted of the following:

 

 

 

March 31,
2026

 

 

December 31,
2025

 

 

 

(in thousands)

 

Laboratory equipment

 

$

3,511

 

 

$

3,511

 

Furniture and fixtures

 

 

68

 

 

 

68

 

Computer equipment

 

 

328

 

 

 

207

 

Leasehold improvements

 

 

118

 

 

 

118

 

  Total property and equipment

 

 

4,025

 

 

 

3,904

 

Less: accumulated depreciation

 

 

(3,737

)

 

 

(3,663

)

  Property and equipment, net

 

$

288

 

 

$

241

 

 

Depreciation expense for the three months ended March 31, 2026 and 2025 was included in the condensed consolidated statements of operations as follows, and excludes trademark amortization of $3,000 for each of the three months ended March 31, 2026 and 2025.

 

 

 

Three Months Ended
March 31,

 

 

 

2026

 

 

2025

 

 

 

(in thousands)

 

General and administrative

 

$

5

 

 

$

4

 

Research and development

 

 

69

 

 

 

93

 

Depreciation total

 

$

74

 

 

$

97