XML 25 R14.htm IDEA: XBRL DOCUMENT v3.25.2
PROPERTY AND EQUIPMENT
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT PROPERTY AND EQUIPMENT
The following table sets forth the Company's property and equipment, net as of June 30, 2025:
June 30,December 31,
(in thousands)20252024
Office equipment$117 $117 
   Property and equipment117 117 
Less: Accumulated depreciation(15)(4)
   Property and equipment, net$102 $113 
Depreciation expense totaled $6 thousand and $12 thousand for the three and six months ended June 30, 2025, respectively. There was no depreciation expense for the three and six months ended June 30, 2024. Depreciation expense is included within general and administrative expenses on the unaudited condensed consolidated statements of operations and comprehensive loss.