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

9.     PROPERTY AND EQUIPMENT AND CAPITALIZED SOFTWARE

The following table presents the composition of property and equipment, net, as of June 30, 2026 and December 31, 2025 (in thousands):

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June 30, 

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December 31, 

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2026

  ​ ​ ​

2025

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Laboratory equipment

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$

680

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$

676

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Office equipment

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495

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495

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Auto

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—

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​

23

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Computer equipment and software

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896

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873

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Manufacturing equipment

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618

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618

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Clinical equipment

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278

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278

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Leasehold improvements

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1,490

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1,608

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TMS devices

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2,796

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3,790

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Rental equipment

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213

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157

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Property and equipment, gross

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7,466

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8,518

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Less: Accumulated depreciation

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(4,002)

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(4,052)

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Property and equipment, net

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$

3,464

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$

4,466

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As of June 30, 2026 and December 31, 2025, the Company had capitalized software costs, net, of $1.5 million and $0.8 million, respectively, which are included in “Prepaid expenses and other current assets” and “Other assets” on the consolidated balance sheets.

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The Company disposed of $1.2 million of rental equipment, TMS devices, leasehold improvements and auto with a net book value of $0.4 million during the six months ended June 30, 2026. For the six months ended June 30, 2025, the Company had not disposed of any property and equipment.

Depreciation and amortization expense related to property and equipment and capitalized software costs was $0.4 million and $0.5 million for the three months ended June 30, 2026 and 2025, respectively and $0.8 million and $1.1 million for the six months ended June 30, 2026 and 2025, respectively.