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Property and Equipment, Net
6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

3. PROPERTY AND EQUIPMENT, NET

Property and equipment as of June 30, 2025 consisted of the following (in thousands):

 

 

June 30,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Equipment

 

$

108

 

 

$

107

 

Less: accumulated depreciation

 

 

(61

)

 

 

(50

)

Equipment, net

 

$

47

 

 

$

57

 

Depreciation expense for the three and six months ended June 30, 2025 was $6,000 and $11,000, respectively. Depreciation expense for the three and six months ended June 30, 2024 was $5,000 and $10,000, respectively.