v3.26.1
Property and Equipment, Net
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment, Net
7.
Property and Equipment, Net

Property and equipment and related accumulated depreciation consist of the following:

 

 

 

June 30, 2026

 

 

December 31, 2025

 

Laboratory equipment

 

$

15,122

 

 

$

18,651

 

Furniture, fixtures and equipment

 

 

686

 

 

 

686

 

Computer hardware and software

 

 

1,035

 

 

 

1,029

 

Finance lease

 

 

668

 

 

 

502

 

Leasehold improvements

 

 

401

 

 

 

501

 

 

 

 

17,912

 

 

 

21,369

 

Less: accumulated depreciation

 

 

(13,036

)

 

 

(14,160

)

Total

 

$

4,876

 

 

$

7,209

 

 

Total depreciation expense was $0.9 million and $1.9 million for three and six months ended June 30, 2026, respectively, and $1.1 million and $2.3 million for the three and six months ended June 30, 2025, respectively. For the three and six months ended June 30, 2026, the Company recognized losses on disposal of $0.6 million. For the three and six months ended June 30, 2025, the Company recognized gains on disposal of $0.1 million and losses on disposal of $0.4 million, respectively. Gain or loss on disposal of property and equipment is included in research and development expenses on the condensed consolidated statements of operations and comprehensive loss.