v3.25.4
PROPERTY, EQUIPMENT AND SOFTWARE AND ASSETS HELD FOR SALE
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY, EQUIPMENT AND SOFTWARE AND ASSETS HELD FOR SALE PROPERTY, EQUIPMENT AND SOFTWARE AND ASSETS HELD FOR SALE
Property, equipment, and software consisted of the following as of December 31, 2025 and December 31, 2024 (in thousands):
20252024
Construction in progress$— $
Leasehold improvements12,064 12,028 
Software432 432 
Laboratory equipment14,011 15,086 
Office equipment1,486 1,486 
Furniture and fixtures2,124 2,124 
Total property, equipment and software30,117 31,165 
Less accumulated depreciation and amortization28,692 28,076 
Property, equipment and software - net$1,425 $3,089 
Depreciation expense for continuing operations, including amortization of leasehold improvements and software, was $1.5 million and $3.4 million for the years ended December 31, 2025 and 2024, respectively.
As of December 31, 2025, the Company had impaired the remaining $0.1 million balance of in property, plant, and equipment that met the criteria for classification as held for sale based on the Company's updated assessment of fair value for these remaining assets.