Quarterly report [Sections 13 or 15(d)]

Property and Equipment (Tables)

v3.25.1
Property and Equipment (Tables)
3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment

Property and equipment are recorded at cost and depreciated over the estimated useful lives of the underlying assets (three to five years) using the straight-line method. As of March 31, 2025, and December 31, 2024, property and equipment consists of (table in thousands):

 

    March 31, 2025     December 31, 2024  
Lab equipment (excluding equipment under finance leases)   $ 1,765     $ 1,765  
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       2,082  
Less: accumulated depreciation and amortization     (1,955 )     (1,929 )
Property and equipment, net   $ 127     $ 153