Property and Equipment

12 Months Ended

Dec. 31, 2023

Property and Equipment

Property and Equipment

5. Property and Equipment

Property and equipment, consisting of manufacturing, office and computer equipment, is stated at cost, less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. Property and equipment consist of the following:

	December 31,				Estimated
	2023		2022		Life
Office equipment	$	132	$	132	5 years
Computer equipment		121		121	3 Years
Manufacturing equipment		—		—	7 years
		253		253
Less: accumulated depreciation		(178)		(76)
Property and equipment	$	75	$	177

In accordance with Amendment No. 1 to the Corium Agreement (the “Amendment”), the Company transferred all of its manufacturing equipment to Corium during the third quarter of 2022.