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

3. Property and Equipment

 

Property and equipment are recorded at cost and depreciated over the estimated useful lives of the underlying assets ( three to five years) using the straight-line method. As of June 30, 2026, and December 31, 2025, property and equipment consists of (table in thousands):

 

   June 30, 2026   December 31, 2025 
Lab equipment (excluding equipment under finance leases)  $1,777   $1,777 
Finance lease right-of-use lab equipment obtained in exchange for finance lease liabilities, net   162    162 
Computer and office equipment   155    155 
Total property and equipment   2,094    2,094 
Less: accumulated depreciation and amortization   (2,025)   (2,001)
Property and equipment, net  $69   $93 

 

Total depreciation and amortization expense were approximately $24 and $46 for the six months ended June 30, 2026 and 2025.