v3.26.1
Fixed Assets
 6 Months Ended
Jun. 30, 2026
Assets [Abstract]  
Fixed Assets
5.
Fixed Assets

Fixed assets, net consisted of the following:

 

 

 

 

 

June 30,

 

 

December 31,

 

 

 

Useful Life

 

2026

 

 

2025

 

 

 

 

 

(in thousands)

 

Computer equipment

 

5 years

 

$

169

 

 

$

130

 

Lab equipment

 

5 years

 

 

1,754

 

 

 

1,737

 

Furniture and fixtures

 

7 years

 

 

642

 

 

 

555

 

Leasehold improvements

 

lease term

 

 

93

 

 

 

93

 

 

 

 

 

2,658

 

 

 

2,515

 

Less: Accumulated depreciation

 

 

 

 

(2,019

)

 

 

(1,893

)

 

 

 

$

639

 

 

$

622

 

 

Depreciation expense was $0.1 million for the three and six months ended June 30, 2026, respectively. Depreciation expense was $0.1 million and $0.2 million for the three and six months ended June 30, 2025, respectively. In addition, for the three and six months ended June 30, 2026 and 2025, there was less than $0.1 million of depreciation related to sublet assets recorded as other expense.