Property and Equipment

12 Months Ended

Dec. 31, 2025

Property and Equipment

Property and Equipment

(4) Property and Equipment

Property and equipment consisted of the following (in thousands):

		December 31,
Asset description	Estimated useful lives	2025		2024
Lab equipment	5 Years	$	1,805	$	2,968
Furniture and fixtures	5 Years		370		366
Computer equipment and software	3 Years		1,002		733
Leasehold improvements	Lesser of useful life or lease term		2,537		2,934
Total			5,714		7,001
Less accumulated depreciation and amortization			(3,488)		(4,660)
Property and equipment, net		$	2,226	$	2,341

Depreciation expense was $0.6 million, $0.6 million and $0.4 million for the years ended December 31, 2025, 2024 and 2023, respectively. During the year ended December 31, 2025, the Company disposed of $1.8 million of assets. All assets were fully depreciated.