Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.24.1
Property and Equipment
 12 Months Ended
Dec. 31, 2023
Property and Equipment [Abstract]  
Property and Equipment

Note 3 - Property and Equipment

 

Property and equipment consisted of the following at December 31, 2023 and 2022:

 

        December 31,     December 31,  
(in thousands)   Lives   2023     2022  
Lab equipment   5 years   $ 806     $ 776  
Office equipment and furniture   3 - 7 years     438       315  
Less: accumulated depreciation         (694 )     (487 )
Property and equipment, net       $ 550     $ 604  

 

Depreciation expense consisted of the following for the years ended December 31, 2023 and 2022, respectively:

 

    December 31,     December 31,  
(in thousands)   2023     2022  
Research and development   $ 175     $ 141  
General and administrative     32       11  
Total depreciation expense   $ 207     $ 152