Quarterly report [Sections 13 or 15(d)]

Property and Equipment

Property and Equipment

9 Months Ended

Sep. 30, 2025

Property, Plant and Equipment [Abstract]

3. Property and Equipment

Property and equipment are recorded at cost and depreciated over the estimated useful lives of the underlying assets (3three to five years) using the straight-line method. As of September 30, 2025, and December 31, 2024, property and equipment consist of (table in thousands):

Schedule of Property and Equipment

	September 30, 2025			December 31, 2024
Lab equipment	$	1,777		$	1,765
Finance lease right-of-use lab equipment		162			162
Computer and office equipment		155			155
Total property and equipment		2,094			2,082
Less: accumulated depreciation and amortization		(1,988	)		(1,929	)
Property and equipment, net	$	106		$	153

Total depreciation and amortization expense were approximately $59,000 and $98,000 for the nine months ended September 30, 2025 and 2024.