Property and equipment, net consisted of the following:


	June 30,			December 31,
(in thousands)	2025			2024
Trocars	$	4,644		$	4,644
Leasehold improvements		8,809			3,251
Office equipment		350			253
Compounding equipment		389			252
Computer software		140			140
Furniture and fixtures		475			285
Computer equipment		483			327
Construction in process		1,527			4,226
Property and equipment		16,817			13,378
Less: Accumulated depreciation		(6,889	)		(6,405	)
Property and equipment, net	$	9,928		$	6,973

Depreciation expense reflected in selling, general and administrative expense in the unaudited condensed consolidated statements of operations and comprehensive income (loss) was $0.2 million for each of the three months ended June 30, 2025 and 2024, respectively, and $0.4 million and $0.3 million for the six months ended June 30, 2025 and 2024, respectively. Depreciation expense reflected in cost of products in the unaudited condensed consolidated statements of operation and comprehensive income (loss) was $0.06 million and $0.07 million for the three and six months ended June 30, 2025, respectively, and $0.01 million for each of the three and six months ended June 30, 2024, respectively. The Company has not acquired any property and equipment under finance leases.