Property and Equipment, net

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment, net

(4)Property and Equipment, net

Property and equipment, net consisted of the following as of December 31, 2024 and 2023 (in thousands):

	December 31,
	2024			2023
Office furniture and equipment	$	765		$	765
Leasehold improvements		576			576
Total property and equipment, gross		1,341			1,341
Less: accumulated depreciation		(658	)		(352	)
Total property and equipment, net	$	683		$	989

Depreciation expense was $0.3 million in each of 2024 and 2023.