v3.26.1
Property and Equipment, net
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, net
4. Property and Equipment, net
Property and equipment, net consisted of the following (in thousands):
 
     December 31,  
     2025      2024      2023  
Computers and software
    $ —       $ —       $ 26  
Office furniture and equipment
      —         —         15  
Laboratory equipment
      —         —         215  
Leasehold improvements
      —         —         57  
Total property and equipment, at cost
      —         —         313  
Less: Accumulated depreciation and amortization
      —         —         (278 ) 
Property and equipment, net
    $ —       $ —       $ 35  
Depreciation expense during the years ended December 31, 2025, 2024, and 2023 was zero, less than $0.1 million, and $0.1 million, respectively. During each of the years ended December 31, 2025 and 2024, the Company received proceeds of less than $0.1 million from the sale of property and equipment. During the year ended December 31, 2023, the Company received proceeds of $0.3 million from the sale of property and equipment.