Fixed Assets, Net

6 Months Ended

Jun. 30, 2026

Property, Plant and Equipment [Abstract]

4. Fixed Assets, Net

Fixed assets, net consisted of the following (in thousands):


	JUNE 30, 2026			DECEMBER 31, 2025
Laboratory equipment	$	2,159		$	1,506
Manufacturing equipment		298			300
Furniture and fixtures		181			159
Networking and computer equipment		228			227
Leasehold improvements		3,008			3,008
Total fixed assets	$	5,874		$	5,200
Less: accumulated depreciation		(3,872	)		(3,558	)
Fixed assets, net	$	2,002		$	1,642

Depreciation expense was $0.2 million and $0.3 million for the three and six months ended June 30, 2026, respectively. Depreciation expense was $0.2 million and $0.5 million for the three and six months ended June 30, 2025, respectively.