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

Note 6. Fixed Assets, net

 

Fixed assets consist of the following (In thousands):

 

   June 30, 2026   December 31, 2025 
Furniture and equipment  $34   $9 
Leasehold improvements   367    75 
Total   401    84 
Less: accumulated depreciation   (97)   (32)
Total fixed assets, net  $304   $52 

 

Depreciation expense, calculated using the straight-line method, was approximately $26 thousand and $65 thousand for the three and six months ended June 30, 2026, respectively. Depreciation expense for the period from June 10, 2025 (Inception) through June 30, 2025 was $0.