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

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

 

 

 

June 30,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Computers, software, and office equipment

 

$

154

 

 

$

154

 

Furniture and fixtures

 

 

282

 

 

 

—

 

Lab equipment

 

 

—

 

 

 

10

 

Leasehold improvements

 

 

986

 

 

 

—

 

Construction in progress

 

 

—

 

 

 

682

 

Total property and equipment

 

 

1,422

 

 

 

846

 

Less: Accumulated depreciation

 

 

(216

)

 

 

(54

)

Property and equipment, net

 

$

1,206

 

 

$

792

 

 

Total depreciation expense was $110 thousand and $173 thousand for the three and six months ended June 30, 2026, respectively, and $9 thousand and $19 thousand for the three and six months ended June 30, 2025, respectively.