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Property and Equipment, Net
9 Months Ended
Sep. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net
6.
PROPERTY AND EQUIPMENT, NET

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

 

 

September 30,

 

 

December 31,

 

 

2025

 

 

2024

 

Furniture and fixtures

 

$

214

 

 

$

214

 

Computer equipment and software

 

 

81

 

 

 

81

 

Equipment

 

 

861

 

 

 

816

 

Leasehold improvements

 

 

490

 

 

 

391

 

Construction in progress

 

 

968

 

 

 

 

Total property and equipment

 

 

2,614

 

 

 

1,502

 

Less accumulated depreciation

 

 

(610

)

 

 

(422

)

Property and equipment, net

 

$

2,004

 

 

$

1,080

 

 

Depreciation expense was $0.1 million for each of the three months ended September 30, 2025 and 2024, respectively. Depreciation expense was $0.2 million for each of the nine months ended September 30, 2025 and 2024.