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

Property and Equipment

v3.26.1
Property and Equipment
12 Months Ended
Dec. 31, 2025
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):

 

    2025     2024  
Lab equipment (excluding equipment under finance leases)   $ 1,777     $ 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     2,094       2,082  
Less accumulated depreciation     (2,001 )     (1,929 )
Property and equipment, net   $ 93     $ 153  

 

Depreciation expense was $72,000 and $126,000 for the years ended December 31, 2025 and 2024, respectively.