Property and Equipment, Net

9 Months Ended

Sep. 30, 2024

Property, Plant and Equipment [Abstract]

7. Property and Equipment, Net

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


	September 30, 2024			December 31, 2023
Lab equipment	$	1,382		$	1,382
Furniture and fixtures		351			341
Computer equipment		89			85
Leasehold improvements		999			940
Total property and equipment		2,821			2,748
Less accumulated depreciation		(1,333	)		(966	)
Property and equipment, net	$	1,488		$	1,782

Depreciation expense for the three and nine months ended September 30, 2024 was approximately $0.1 million and $0.4 million, respectively, compared to $0.1 million and $0.4 million, respectively for the three and nine months ended September 30, 2023. No impairment losses occurred in the three and nine months ended September 30, 2024 and 2023. The Company had no losses on disposal of fixed assets for the three and nine months ended September 30, 2024 and 2023.