v3.26.1
PROPERTY AND EQUIPMENT
6 Months Ended
Jun. 30, 2026
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

NOTE 7  PROPERTY AND EQUIPMENT

Property and equipment consisted of the following amounts (in thousands):

As of June 30, 

As of December 31,

  ​ ​ ​

2026

  ​ ​ ​

2025

Leasehold improvements

$

9,815

$

9,646

Laboratory equipment

4,117

4,070

Computers and software

296

296

Furniture and fixtures

511

511

Construction in process

77

Property and equipment, at cost

14,739

14,600

Less: accumulated depreciation

(7,847)

(6,769)

Property and equipment, net

$

6,892

$

7,831

Depreciation expense was $0.5 million and $1.1 million for the three and six months ended June 30, 2026 and $0.5 million and $1.0 million for the three and six months ended June 30, 2025.