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

Property and Equipment (Tables)

v3.26.1
Property and Equipment (Tables)
12 Months Ended
Dec. 31, 2025
Property and Equipment [Abstract]  
Schedule of Property and Equipment

Property and equipment consisted of the following at December 31, 2025 and 2024:

  

          December 31,     December 31,  
(in thousands)   Lives     2025     2024  
Construction in Progress           $ 104     $
-
 
Lab equipment     5 years       817       817  
Office equipment and furniture     3 - 7 years       438       438  
Less: accumulated depreciation             (1,064 )     (891 )
Property and equipment, net           $ 295     $ 364  
Schedule of Depreciation Expense

Depreciation expense consisted of the following for the years ended December 31, 2025 and 2024, respectively:

 

    December 31,     December 31,  
(in thousands)   2025     2024  
Research and development   $ 139     $ 161  
General and administrative     34       36  
Total depreciation expense   $ 173     $ 197