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Property and Equipment, net (Tables)
12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Summary of Property and Equipment

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