Fixed Assets consisted of the following (in thousands):


	June 30,			December 31,
	2026			2025
Leasehold improvements	$	542		$	528
Office equipment and furniture		812			684
Machinery and laboratory equipment		149			149
Lab and office equipment under finance right-of-use asset		1,695			1,157
Construction-in-progress		43			35
	$	3,241		$	2,553
Less accumulated depreciation and amortization		(1,591	)		(1,559	)
Property and equipment, net	$	1,650		$	994

Depreciation and amortization expense of property and equipment, net totaled $0.2 million and $0.2 million for the three months ended June 30, 2026 and 2025, respectively, and $0.3 million and $0.3 million for the six months ended June 30, 2026 and 2025. In March 2026, the Company disposed of fully depreciated assets and removed the cost and related accumulated depreciation of $0.3 million from the unaudited Condensed Consolidated Balance Sheets. No gain or loss on disposal was recorded.