v3.26.1
Property and Equipment
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment

5. Property and Equipment

Property and equipment, net consist of the following:

 

 

June 30,

 

 

December 31,

 

(in thousands)

 

2026

 

 

2025

 

Laboratory equipment

 

$

1,198

 

 

$

1,198

 

Computer equipment, software, and other

 

 

92

 

 

 

92

 

Total property and equipment at cost

 

 

1,290

 

 

 

1,290

 

Less: Accumulated depreciation

 

 

(580

)

 

 

(448

)

Property and equipment, net

 

$

710

 

 

$

842

 

 

The useful life of laboratory equipment is five years, and the useful life of computer equipment, software, and other is three years, for depreciation. Depreciation expense was $66,000 and $60,000 for the three months ended June 30, 2026 and 2025, respectively, and was $132,000 and $113,000 for the six months ended June 30, 2026 and 2025, respectively.