Note 8 - Property and Equipment, Net

6 Months Ended

Jun. 30, 2026

Notes to Financial Statements

Property, Plant, and Equipment [Text Block]

8. Property and equipment, net (in thousands)

	June 30,			December 31,
	2026			2025
	(unaudited)
Computers and equipment	$	102		$	95
Furniture and fixtures		114			85
Lab equipment		12,504			12,476
Total cost property and equipment		12,720			12,656
Less: accumulated depreciation		(377	)		(15	)
Total Property and equipment, net	$	12,343		$	12,641

Depreciation expense was $358 thousand and $362 thousand for the three and six months ended June 30, 2026 , respectively. Depreciation expense was $1 thousand and $2 thousand for the three and six months ended June 30, 2025, respectively. Assets acquired from Scorpius were placed in service April 1, 2026.