Intangible Assets

6 Months Ended

Jun. 30, 2026

Intangible Assets

Intangible Assets

5.Intangible Assets

Intangible assets consisted of the following as of June 30, 2026 and December 31, 2025 (in thousands):

	As of June 30,		As of December 31,
	2026		2025
Licensed patent rights	$	826	$	826
Less: accumulated amortization		(535)		(504)
Total intangible assets, net	$	291	$	322

As of June 30, 2026, the expected remaining amortization expense is as follows (in thousands):

Year Ended December 31,	Amount
2026 (remaining six months)	$	32
2027		63
2028		63
2029		63
2030		63
Thereafter		7
Total	$	291

The Company recognized less than $0.1 million for amortization expense for each of the three and six months ended June 30, 2026 and 2025. Amortization expense is included in research and development expense in the condensed consolidated statements of operations and comprehensive (loss) income.