v3.26.1
Property and Equipment, net
6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment, net Property and Equipment, net
Property and equipment, net consisted of the following (in thousands):
June 30,
2026
December 31,
2025
Leasehold improvements
$1,920 $1,920 
Laboratory equipment
1,575 1,575 
Furniture & fixtures
852 852 
Total property and equipment
4,347 4,347 
Less: accumulated depreciation
(2,431)(2,122)
Property and equipment, net
$1,916 $2,225 
Depreciation expense for the three months ended June 30, 2026 and 2025 was $0.2 million and $0.1 million, respectively. Depreciation expense was $0.3 million for the six months ended