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PROPERTY AND EQUIPMENT, NET
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET PROPERTY AND EQUIPMENT, NET
Property and equipment, net as of December 31, 2025 and 2024 consisted of the following (in thousands):
DECEMBER 31,
20252024
Computer equipment and software$35 $35 
Laboratory equipment7,433 5,978 
Office furniture1,264 1,173 
Total8,732 7,186 
Less: accumulated depreciation(4,435)(2,949)
Property and equipment, net$4,297 $4,237 
Depreciation expense was $1.5 million and $1.2 million for the years ended December 31, 2025 and 2024, respectively.