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

4. Property and Equipment, Net

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

 

 

 

June 30, 2026

 

 

December 31, 2025

 

Software and computer equipment

 

$

291

 

 

$

291

 

Furniture and fixtures

 

 

32

 

 

 

32

 

Leasehold improvements

 

 

1,584

 

 

 

1,584

 

Property and equipment, gross

 

 

1,907

 

 

 

1,907

 

Less: accumulated depreciation and amortization

 

 

(1,907

)

 

 

(1,899

)

Property and equipment, net

 

$

—

 

 

$

8

 

 

Depreciation expense was $0 and $8,000 for the three and six months ended June 30, 2026, respectively. Depreciation expense was $15,000 and $28,000 for the three and six months ended June 30, 2025, respectively.