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Property and Equipment, net
9 Months Ended
Sep. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment, net Property and Equipment, net
Property and equipment, net consisted of the following (in thousands):
September 30,
December 31,
2026
2025
Leasehold improvements$4,168 $4,168 
Office equipment and furniture1,277 1,277 
Computer equipment120 99 
Subtotal5,565 5,544 
Accumulated depreciation and amortization(3,217)(2,774)
Property and equipment, net$2,348 $2,770 
Depreciation and amortization expense for the three months ended September 30, 2026 and 2025 was approximately $152 thousand and $160 thousand, respectively. Depreciation and amortization expense for the nine months ended September 30, 2026 and 2025 was $456 thousand and $582 thousand, respectively.