v3.26.1
Property and Equipment, Net
6 Months Ended
Jun. 30, 2026
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

4. Property and Equipment, Net

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

 

June 30,
2026

 

 

December 31,
2025

 

Assets under construction

 

$

294

 

 

$

228

 

IT equipment

 

 

451

 

 

 

451

 

Leasehold improvements

 

 

471

 

 

 

471

 

Lab equipment

 

 

8,558

 

 

 

8,526

 

 

$

9,774

 

 

$

9,676

 

Less—accumulated depreciation

 

 

(7,573

)

 

 

(7,052

)

Property and equipment, net

 

$

2,201

 

 

$

2,624

 

 

Depreciation expense was $0.3 million for each of the three months ended June 30, 2026 and 2025. In addition, depreciation expense was $0.5 million and $0.6 million for the six months ended June 30, 2026 and 2025, respectively.