v3.26.1
Property and equipment, net
6 Months Ended
Jun. 30, 2026
Property and equipment, net  
Property and equipment, net

3. Property and equipment, net

Property and equipment, net consist of the following (in thousands):

As of

June 30, 2026

December 31, 2025

Office equipment

$

90

$

90

Less accumulated depreciation

 

(82)

 

(73)

Property and equipment, net

$

8

$

17

We recorded depreciation expense, which was included in G&A operating expenses in the accompanying condensed consolidated statements of operations, of $4 thousand and $9 thousand for the three and six months ended June 30, 2026, respectively, and $5 thousand and $9 thousand for the three and six months ended June 30, 2025, respectively.