Property and equipment, net

12 Months Ended

Dec. 31, 2024

Property and equipment, net

Property and equipment, net

3. Property and equipment, net

Property and equipment, net consist of the following (in thousands):

	As of December 31,
	2024			2023
Office equipment	$	88	$	80
Less accumulated depreciation		(54)		(34)
Property and equipment, net	$	34	$	46

We recorded depreciation expense of $20 thousand and $6 thousand for 2024 and 2023, respectively, which was included in general and administrative operating expenses in the accompanying consolidated statements of operations.