Property and equipment consisted of the following (dollars in thousands):


	Estimated Useful Life (Years)		June 30, 2025			December 31, 2024
Land		—	$	875		$	875
Buildings	39-40			17,389			17,389
Building improvements	5-40			90,813			90,813
Machinery and equipment	3-15			66,611			64,879
Furniture, fixtures and office equipment	5-10			3,122			3,122
Computer equipment and software		3		8,814			8,814
Construction in progress		—		6,056			6,149
				193,680			192,041
Less accumulated depreciation				(110,715	)		(106,676	)
Total property and equipment, net			$	82,965		$	85,365

Depreciation expense related to property and equipment was as follows (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Depreciation Expense	$	2,039	$	1,711	$	4,097	$	3,052

During the three and six months ended June 30, 2025 and 2024, the Company retired $0.1 million of manufacturing equipment, as it was no longer in service. The net book value for the disposed assets was de minimis.