v3.26.1
Property and Equipment, Net
6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET

6. PROPERTY AND EQUIPMENT, NET

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

 

 

June 30,
2026

 

 

December 31,
2025

 

Research equipment

 

$

12

 

 

$

 

Office equipment and furniture

 

 

385

 

 

 

369

 

Leasehold improvement

 

 

253

 

 

 

253

 

Total property and equipment

 

 

650

 

 

 

622

 

Less accumulated depreciation and amortization

 

 

(606

)

 

 

(540

)

Property and equipment, net

 

$

44

 

 

$

82

 

Depreciation and amortization expense for the six months ended June 30, 2026 and 2025 was $54 thousand and $62 thousand, respectively.

During the six months ended June 30, 2025, the Company disposed of all research equipment through the sale of fixed assets, resulting in a reduction of the gross carrying amount to zero. The related accumulated depreciation of $1,078 thousand was written off in connection with this disposal. A gain of $23 thousand was recognized on the sale and is included in the other income (expense) line in the condensed consolidated statements of operations and comprehensive loss for the period.