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

8. Property and Equipment, net

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

 

 

June 30, 2026

 

 

December 31, 2025

 

Leasehold improvements

 

$

699

 

 

$

596

 

Furniture and fixtures

 

 

36

 

 

 

36

 

Less: accumulated depreciation

 

 

(171

)

 

 

(60

)

Property and equipment, net

 

$

564

 

 

$

572

 

Depreciation expense for property and equipment was approximately $0.1 million for the three and six months ended June 30, 2026 and 2025, which is included within depreciation of property and equipment on the condensed consolidated statements of operations.