Property and Equipment, Net

3 Months Ended

Mar. 31, 2026

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

7. Property and Equipment, Net

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

	March 31, 2026			December 31, 2025
Lab equipment	$	1,382		$	1,382
Furniture and fixtures		351			351
Computer equipment		89			89
Leasehold improvements		1,001			1,001
Total property and equipment		2,823			2,823
Less accumulated depreciation		(1,934	)		(1,844	)
Property and equipment, net	$	889		$	979

Depreciation expense for the three months ended March 31, 2026 and 2025 was approximately $0.1 million in each period. No impairment losses occurred in the three months ended March 31, 2026 and 2025. The Company had no losses on disposal of fixed assets for the three months ended March 31, 2026 and 2025.