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

Property and equipment consisted of the following:

 

 

 

December 31, 2025

 

 

December 31, 2024

 

Manufacturing equipment

 

$

1,734

 

 

$

1,572

 

Furniture and fixtures

 

 

8

 

 

 

973

 

Laboratory and office equipment

 

 

236

 

 

 

236

 

Computer equipment

 

 

29

 

 

 

152

 

Leasehold improvements

 

 

564

 

 

 

 

 

 

$

2,571

 

 

$

2,933

 

Less: accumulated depreciation and amortization

 

 

405

 

 

 

398

 

Property and equipment, net

 

$

2,166

 

 

$

2,535

 

 

As of December 31, 2025 and 2024, substantially all of the Company’s in use manufacturing equipment, laboratory and office equipment and computer equipment were located in North America and are comprised of assets acquired with the Company's acquisition of Nualtis. The Company has $1.0 million of manufacturing equipment not in service located in Germany also acquired with the Company's acquisition of Nualtis. As of December 31, 2024, $0.7 million of the Company's remaining property and equipment was located in Germany, respectively.

In conjunction with the Berlin lease termination described in Note 13, Leases, the Company disposed of certain furniture and fixtures, office equipment, and computer equipment as, pursuant to terms stated in the termination agreement, the Company was required to leave certain fixed assets with the property upon vacating. The Company recognized a $0.7 million loss on the disposal of fixed assets recognized as a component of Other income (expense), net within its consolidated statement of operations.

For the years ended December 31, 2025 and 2024, depreciation and amortization expense on property and equipment was $0.6 million and $0.2 million, respectively.