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

6. Property and Equipment, net

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

 

 

 

As of

 

 

As of

 

 

 

June 30,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Laboratory equipment

 

$

887

 

 

$

775

 

Furniture and fixtures

 

 

436

 

 

 

413

 

Leasehold improvements

 

 

82

 

 

 

82

 

Computer equipment

 

 

62

 

 

 

62

 

Total property and equipment, at cost

 

 

1,467

 

 

 

1,332

 

Less: accumulated depreciation

 

 

(871

)

 

 

(723

)

Property and equipment, net

 

$

596

 

 

$

609

 

 

As of June 30, 2026, there were no finance leased assets included in property and equipment, net. As of December 31, 2025, property and equipment, net included finance leased assets of approximately $0.5 million, with accumulated depreciation of approximately $0.3 million. Depreciation expense was approximately $0.1 million for each of the three months ended June 30, 2026 and 2025 and approximately $0.2 million and $0.3 million for the six months ended June 30, 2026 and 2025, respectively.