Quarterly report [Sections 13 or 15(d)]

Property and Equipment

v3.26.1
Property and Equipment
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment

3. 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 June 30, 2026, and December 31, 2025, property and equipment consists of (table in thousands):

 

    June 30, 2026     December 31, 2025  
Lab equipment (excluding equipment under finance leases)   $ 1,777     $ 1,777  
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       2,094  
Less: accumulated depreciation and amortization     (2,025 )     (2,001 )
Property and equipment, net   $ 69     $ 93  

 

Total depreciation and amortization expense were approximately $24 and $46 for the six months ended June 30, 2026 and 2025.