Annual report [Section 13 and 15(d), not S-K Item 405]

Property and Equipment

v3.25.1
Property and Equipment
12 Months Ended
Dec. 31, 2024
Property and Equipment [Abstract]  
Property and Equipment

Note 3 - Property and Equipment

 

Property and equipment consisted of the following at December 31, 2024 and 2023:

 

        December 31,     December 31,  
(in thousands)   Lives   2024     2023  
Lab equipment   5 years   $ 817     $ 806  
Office equipment and furniture   3 - 7 years     438       438  
Less: accumulated depreciation         (891 )     (694 )
Property and equipment, net       $ 364     $ 550  

 

Depreciation expense consisted of the following for the years ended December 31, 2024 and 2023, respectively:

 

    December 31,     December 31,  
(in thousands)   2024     2023  
Research and development   $ 161     $ 175  
General and administrative     36       32  
Total depreciation expense   $ 197     $ 207