v3.25.4
Property and Equipment, Net
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

NOTE 6. Property and Equipment, Net

Property and equipment, net consisted of the following:

 

 

 

December 31,

 

(in thousands)

 

2025

 

 

2024

 

Research equipment

 

$

14,942

 

 

$

16,864

 

Computers and software

 

 

1,069

 

 

 

1,131

 

Office equipment and furniture

 

 

604

 

 

 

703

 

Leasehold improvements

 

 

2,612

 

 

 

2,644

 

Total

 

$

19,227

 

 

$

21,342

 

Less accumulated depreciation and amortization

 

 

(12,491

)

 

 

(11,811

)

Property and equipment, net

 

$

6,736

 

 

$

9,531

 

 

Depreciation and amortization expense was $3.0 million, $3.5 million and $3.0 million for the years ended December 31, 2025, 2024 and 2023, respectively. Construction in progress is primarily comprised of research equipment not yet placed in service.