Property and Equipment, Net

6 Months Ended

Jun. 30, 2026

Property, Plant and Equipment [Abstract]

4. Property and Equipment, Net

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


	June 30,			December 31,
	2026			2025
Lab equipment	$	705		$	705
Office furniture, fixtures, and computer equipment		712			712
Leasehold improvement		4,322			4,322
Property and equipment, at cost		5,739			5,739
Less: accumulated depreciation		(4,725	)		(4,267	)
Property and equipment, net	$	1,014		$	1,472

Depreciation expense was $0.2 million and $0.5 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.