Fixed assets, net consisted of the following:


		September 30,			December 31,
	Useful Life	2024			2023
		(in thousands)
Computer equipment	5 years	$	117		$	117
Lab equipment	5 years		1,528			1,192
Furniture and fixtures	7 years		555			555
Leasehold improvements	lease term		45			45
			2,245			1,909
Less: Accumulated depreciation			(1,466	)		(1,225	)
		$	779		$	684

Depreciation expense was $0.1 million and $0.2 million for the three and nine months ended September 30, 2024, respectively. Depreciation expense was $0.1 million and $0.2 million for the three and nine months ended September 30, 2023, respectively. In addition, for the three and nine months ended September 30, 2024, there was less than $0.1 million of depreciation in each period related to sublet assets recorded as other expense. For the three and nine months ended September 30, 2023, there was less than $0.1 million and $0.1 million, respectively, of depreciation related to sublet assets recorded as other expense.