v3.26.1
Note 5 - Property and Equipment, Net
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Property, Plant, and Equipment [Text Block]

Note 5. Property and Equipment, Net

 

Property and equipment, net, as of June 30, 2026 and December 31, 2025 were as follows:

 

  

June 30,

  

December 31,

 

(in thousands)

 

2026

  

2025

 

Lab equipment

 $3,466  $3,466 

Office equipment

  178   178 

Computer software

  459   459 

Leasehold improvements

  9,983   9,983 

Construction in progress

  1,299   1,298 
   15,385   15,384 

Less accumulated depreciation

  (10,069)  (9,361)

Total property and equipment, net

 $5,316  $6,023 

 

Depreciation expense recorded in research and development expense and general and administrative expense during the three and six months ended June 30, 2026 and 2025 was as follows:

 

  

Three Months Ended June 30,

  

Six Months Ended June 30,

 

(in thousands)

 

2026

  

2025

  

2026

  

2025

 

General and administrative

 $17  $29  $34  $95 

Research and development

  336   337   674   675 

Total depreciation expense

 $353  $366  $708  $770