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

7. Property and Equipment

 

Property and equipment consist of the following (in thousands):

 

   December 31, 2025   December 31, 2024 
Equipment  $4,919   $5,098 
Leasehold improvements   2,916    2,916 
Gross property and equipment   7,835    8,014 
Less: Accumulated depreciation   (4,816)   (4,441)
Net property and equipment  $3,019   $3,573 

 

The Company retired approximately $0.3 million and less than $0.1 million of fully depreciated assets during the years ended December 31, 2025 and 2024, respectively. The Company had approximately $0.1 million and $0.9 million of property and equipment additions during the years ended December 31, 2025 and 2024, respectively. The additions during year ended December 31, 2025 were related to equipment purchases and the additions during the year end December 31, 2024 were associated with the APT acquisition.