Property, Machinery and Equipment

6 Months Ended

Jun. 30, 2025

Property, Plant and Equipment [Abstract]

Note 4. Property, Machinery and Equipment

Property, machinery and equipment, net consisted of the following:


(in thousands)	June 30, 2025		December 31, 2024
Computer equipment	$	10	$	10

Leasehold improvements	2,391		2,391
Machinery and equipment	2,839		2,839

Property, machinery and equipment, gross	5,240		5,240
Less: accumulated depreciation	(3,679)		(3,058)
Property, machinery and equipment, net	$	1,561	$	2,182

Depreciation expense related to property, machinery and equipment was $0.3 million and $0.6 million for the three and six months ended June 30, 2025, respectively, and $0.2 million and $0.4 million for the three and six months ended June 30, 2024, respectively. Depreciation expense is recorded within operating expenses.