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

6. PROPERTY AND EQUIPMENT, NET

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

 

 

 

March 31,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Lab equipment

 

$

943

 

 

$

943

 

Leasehold improvements

 

 

432

 

 

 

432

 

Furniture and fixtures

 

 

26

 

 

 

26

 

Total

 

 

1,401

 

 

 

1,401

 

Less: Accumulated depreciation

 

 

(1,015

)

 

 

(989

)

Property and equipment, net

 

$

386

 

 

$

412

 

 

Depreciation expense was $26 thousand and $36 thousand for the three months ended March 31, 2026 and 2025, respectively.