Property and Equipment |
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| Property and Equipment | 10. Property and Equipment
Depreciation expense for the year ended December 31, 2025 and 2024 was $2,055 and $1,545, respectively. During the first quarter of 2025, a significant decline in the Company’s market-capitalized value following the delisting of its common shares from NYSE American constituted a triggering event requiring interim impairment testing of goodwill. In connection with this assessment, the Company reviewed its property and equipment for recoverability under ASC 360, Property, Plant, and Equipment (“ASC 360”). That review determined that certain assets within the Diagnostics segment were not fully recoverable. As a result, the Company recognized a $1,981 impairment charge, of which $897 related to machinery and equipment and $1,084 related to construction in progress, and recorded this charge in the consolidated statements of and comprehensive loss for the year ended December 31, 2025.
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