v3.26.3
Property and Equipment, Net
 9 Months Ended
Sep. 30, 2026
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net
Note 4 – Property and Equipment, Net
As of September 30, 2026 and December 31, 2025, property and equipment, net, consisted of the following (in thousands):
 
     September 30,      December 31,  
     2026      2025  
Laptops and IT equipment
    $ 220      $ 217  
Lab equipment
      961        712  
Furniture and fixtures
      45        45  
Leasehold improvements
      261        208  
Construction in progress
      100        3  
  
 
 
     
 
 
  
Property and equipment, gross
      1,587        1,185  
Less: accumulated depreciation
      (566 )       (350 ) 
  
 
 
     
 
 
  
Property and equipment, net
    $ 1,021      $ 835  
  
 
 
     
 
 
  
Depreciation and amortization expense was $78 thousand and $217 thousand for the three and nine months ended September 30, 2026, respectively, and $98 thousand and $156 thousand for the three and nine months ended September 30, 2025, respectively.
 
No indicators of impairment were identified, and no impairment charges were recognized on
property
and equipment during the three and nine months ended September 30, 2026 and 2025.