v3.26.1
PROPERTY AND EQUIPMENT, NET
3 Months Ended
Mar. 31, 2026
PROPERTY AND EQUIPMENT, NET  
PROPERTY AND EQUIPMENT, NET

7. PROPERTY AND EQUIPMENT, NET

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

  ​ ​ ​

2026

  ​ ​ ​

2025

Lab, office and computer equipment

$

1,434,195

$

2,685,999

Furniture and fixtures

 

29,249

 

44,117

Leasehold improvements

 

24,681

 

36,942

Computer software

 

 

25,824

 

1,488,125

 

2,792,882

Less: accumulated depreciation

 

(1,210,189)

 

(2,448,768)

Total property and equipment, net

$

277,936

$

344,114

Depreciation expense was $69,728 and $87,930 for the three months ended March 31, 2026 and 2025, respectively.