v3.26.1
Property, Plant and Equipment
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment  
Property, Plant and Equipment

8. Property, Plant and Equipment

Property, plant and equipment consist of the following at December 31, 2025 and 2024 (in thousands):

  ​ ​ ​

December 31, 

  ​ ​ ​

December 31, 

  ​ ​ ​

Estimated

2025

2024

Useful Life

Leasehold improvements

$

19,079

$

17,973

 

Lesser of lease term or estimated useful life

Office furniture and equipment

 

604

 

531

 

3-5 years

Computer and manufacturing equipment and software

 

5,311

 

3,160

 

3-5 years

Land in the United Kingdom

91

85

NA

 

25,085

 

21,749

NA

Less: accumulated depreciation

 

(7,679)

 

(5,553)

 

  ​

Total property, plant and equipment, net

$

17,406

$

16,196

 

  ​

Depreciation expense was approximately $1.9 million and $1.7 million for the years ended December 31, 2025 and 2024, respectively.