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Fixed Assets
 6 Months Ended
Jun. 30, 2024
Assets [Abstract]  
Fixed Assets
5.
Fixed Assets

Fixed assets, net consisted of the following:

 

 

 

 

 

June 30,

 

 

December 31,

 

 

 

Useful Life

 

2024

 

 

2023

 

 

 

 

 

(in thousands)

 

Computer equipment

 

5 years

 

$

117

 

 

$

117

 

Lab equipment

 

5 years

 

 

1,519

 

 

 

1,192

 

Furniture and fixtures

 

7 years

 

 

555

 

 

 

555

 

Leasehold improvements

 

lease term

 

 

45

 

 

 

45

 

 

 

 

 

2,236

 

 

 

1,909

 

Less: Accumulated depreciation

 

 

 

 

(1,392

)

 

 

(1,225

)

 

 

 

$

844

 

 

$

684

 

 

Depreciation expense was $0.1 million for the three and six months ended June 30, 2024 and 2023, respectively. In addition, for the three and six months ended June 30, 2024 and 2023, there was less than $0.1 million of depreciation related to sublet assets recorded as other expense.