Note 6 – Property, plant and equipment, net

The composition of property, plant and equipment, net is as follows:


	December 31,
	2025			2024
Machinery, equipment and vehicles	$	24,830		$	16,893
Computer hardware and software		8,416			5,096
Furniture and fixtures		2,548			1,831
Leasehold improvements		16,839			8,595
Buildings		7,185			6,297
Other		630			—
Total		60,448			38,712
Less: Accumulated depreciation		(35,608	)		(24,569	)
Property, plant and equipment, net	$	24,840		$	14,143

Depreciation expense for the years ended December 31, 2025, 2024 and 2023 amounted to $4.3 million, $2.6 million and $2.0 million, respectively. Impairment losses of property, plant and equipment were $1.2 million and $1.3 million in the years ended December 31, 2025 and 2024, respectively. There was no impairment loss of property, plant and equipment in the year ended December 31, 2023. Impairment during the year ended December 31, 2025 primarily relates to long-lived assets held by subsidiaries deconsolidated during the period and is included within Impairment losses on the consolidated statements of operations and

comprehensive loss

. See Note 13 for information regarding right-of-use asset impairment recorded during the year ended December 31, 2025