| Summary of Property and Equipment, Net |
Property and equipment, net movement for the years ended December 31, 2025 and 2024, respectively are as follows (in USD thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Leasehold improvements | | Machinery and equipment | | Computer hardware | | Furniture and fixtures | | Total | | January 1, 2025 | | $ | 6,456 | | | $ | 1,861 | | | $ | 1,361 | | | $ | 1,244 | | | $ | 10,922 | | | Additions | | 1,110 | | | 403 | | | 2 | | | — | | | 1,515 | | | Disposals | | (252) | | | — | | | (55) | | | (181) | | | (488) | | | Currency Translation Adjustment | | 971 | | | 293 | | | 158 | | | 153 | | | 1,575 | | | December 31, 2025 | | $ | 8,285 | | | $ | 2,557 | | | $ | 1,466 | | | $ | 1,216 | | | $ | 13,524 | | | | | | | | | | | | | | Accumulated depreciation | | | | | | | | | | | | January 1, 2025 | | $ | (2,615) | | | $ | (1,170) | | | $ | (973) | | | $ | (955) | | | $ | (5,713) | | | Additions | | (1,181) | | | (303) | | | (180) | | | (146) | | | (1,810) | | | Disposals | | 252 | | | — | | | 55 | | | 181 | | | 488 | | | Currency Translation Adjustment | | (399) | | | (185) | | | (120) | | | (120) | | | (824) | | | December 31, 2025 | | $ | (3,943) | | | $ | (1,658) | | | $ | (1,218) | | | $ | (1,040) | | | $ | (7,859) | | | Net book value at December 31, 2025 | | $ | 4,342 | | | $ | 899 | | | $ | 248 | | | $ | 176 | | | $ | 5,665 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Leasehold improvements | | Machinery and equipment | | Computer hardware | | Furniture and fixtures | | Total | | January 1, 2024 | | $ | 6,855 | | | $ | 1,975 | | | $ | 1,460 | | | $ | 1,310 | | | $ | 11,600 | | | Additions | | 86 | | | 115 | | | 1 | | | 15 | | | 217 | | | Disposals | | — | | | (66) | | | (14) | | | — | | | (80) | | | Currency Translation Adjustment | | (485) | | | (163) | | | (86) | | | (81) | | | (815) | | | December 31, 2024 | | $ | 6,456 | | | $ | 1,861 | | | $ | 1,361 | | | $ | 1,244 | | | $ | 10,922 | | | | | | | | | | | | | | Accumulated depreciation | | | | | | | | | | | | January 1, 2024 | | $ | (1,576) | | | $ | (993) | | | $ | (831) | | | $ | (731) | | | $ | (4,131) | | | Additions | | (1,182) | | | (269) | | | (208) | | | (276) | | | (1,935) | | | Disposals | | — | | | — | | | 14 | | | — | | | 14 | | | Currency Translation Adjustment | | 143 | | | 92 | | | 52 | | | 52 | | | 339 | | | December 31, 2024 | | $ | (2,615) | | | $ | (1,170) | | | $ | (973) | | | $ | (955) | | | $ | (5,713) | | | Net book value at December 31, 2024 | | $ | 3,841 | | | $ | 691 | | | $ | 388 | | | $ | 289 | | | $ | 5,209 | |
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