Annual report [Section 13 and 15(d), not S-K Item 405]

Property and Equipment

v3.25.1
Property and Equipment
12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment

4. Property and Equipment

 

Property and equipment as of December 31, consists of the following (table in thousands):

 

    2024     2023  
Lab equipment (excluding equipment under finance leases)   $ 1,765     $ 1,757  
Finance lease right-of-use lab equipment obtained in exchange for finance lease liabilities, net     162       162  
Computer and office equipment     155       155  
Total property and equipment     2,082       2,074  
Less accumulated depreciation     (1,929 )     (1,803 )
Property and equipment, net   $ 153     $ 271  

 

Depreciation expense was $126,000 and $189,000 for the years ended December 31, 2024 and 2023, respectively.