Property, Machinery and Equipment (Tables)

6 Months Ended

Jun. 30, 2025

The estimated useful lives of fixed assets by asset category are described below:


Fixed Assets						Estimated Useful Life
Computer equipment						Three years
Furniture and fixtures						Five years
Leasehold improvements						Lesser of estimated useful life or remaining lease term (one year to seven years)
Machinery and equipment						Seven years

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