v3.26.1
Property and Equipment
 3 Months Ended
Mar. 31, 2026
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
The following table provides a summary of the major components of property and equipment as reflected on the condensed consolidated balance sheets (in thousands):
March 31, 2026December 31, 2025
Furniture and fixtures$455 $455 
Machinery and equipment3,374 3,361 
Leasehold improvements16,096 16,089 
Total property and equipment19,925 19,905 
Less: accumulated depreciation(6,095)(5,513)
Total property and equipment, net$13,830 $14,392 
Depreciation expense was $0.6 million and $0.6 million for the three months ended March 31, 2026 and March 31, 2025, respectively.