Property and equipment consist of the following: 

 

 

(In thousands)  2025   2024 
   December 31, 
(In thousands)  2025   2024 
Laboratory equipment  $566   $566 
Computer equipment and software   505    500 
Furniture and fixtures and leasehold improvements   373    373 
Total property and equipment   1,444    1,439 
Less: accumulated depreciation   (1,393)   (1,257)
Total property and equipment, net  $51   $182 
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Historical Timeline

Fiscal YearFiled
2025Mar 26, 2026Showing above
2024Feb 28, 2025
2023Feb 29, 2024
2022Mar 2, 2023
2021Mar 28, 2022
2020Mar 31, 2021
2019Mar 18, 2020
2018Mar 14, 2019

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.