Property, Machinery and Equipment

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Note 4. Property, Machinery and Equipment

Property, machinery and equipment, net consisted of the following:


(in thousands)	December 31, 2025		December 31, 2024
Computer equipment	$	21	$	10

Leasehold improvements	2,391		2,391
Machinery and equipment	2,839		2,839

Property, machinery and equipment, gross	5,251		5,240
Less: accumulated depreciation	(4,298)		(3,058)
Property, machinery and equipment, net	$	953	$	2,182

Depreciation expense related to property, machinery and equipment was $1.2 million and $0.8 million for the years ended December 31, 2025 and 2024, respectively. Depreciation expense is recorded within operating expenses.