Property and Equipment, net

3 Months Ended

Mar. 31, 2026

Property, Plant and Equipment [Abstract]

6. Property and Equipment, net

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


	As of March 31, 2026			As of December 31, 2025
Laboratory equipment	$	887		$	775
Furniture and fixtures		413			413
Leasehold improvements		82			82
Computer equipment		62			62

Total property and equipment, at cost		1,444			1,332
Less: accumulated depreciation		(796	)		(723	)

Property and equipment, net	$	648		$	609

As of March 31, 2026, there were no finance leased assets included in property and equipment, net. As of December 31, 2025, property and equipment, net included finance leased assets of approximately $0.5 million, with accumulated depreciation of approximately $0.3 million. Depreciation expense for the three months ended March 31, 2026 and 2025 was approximately $0.1 million.