v3.26.1
Property, Plant and Equipment, Net
 3 Months Ended
Mar. 31, 2026
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, Net Property, Plant and Equipment, Net
Property, plant and equipment, net are recorded at cost and consisted of the following:
 As of
 March 31,December 31, 
 20262025
 $$
Land71,434 71,434 
Building1,196,791 1,187,836 
Manufacturing equipment283,416 273,769 
Laboratory equipment318,589 309,471 
Leasehold improvement77,178 76,568 
Software, electronics and office equipment129,824 124,136 
Property, plant and equipment, at cost2,077,232 2,043,214 
Less: accumulated depreciation(573,760)(528,695)
Construction in progress137,446 127,159 
Property, plant and equipment, net1,640,918 1,641,678 
The Company has made a significant investment in its recently opened manufacturing and clinical R&D facility in Hopewell, New Jersey. As of March 31, 2026, the Company had construction in progress of $89,148 related to the Hopewell facility, the majority of which will be put into service in 2026.
Depreciation expense for the three months ended March 31, 2026 and 2025 was as follows:
Three Months Ended
March 31,
20262025
$$
Depreciation expense39,385 31,614