Property and equipment, net consisted of the following:


	March 31,			December 31,
(in thousands)	2026			2025
Trocars	$	4,644		$	4,644
Leasehold improvements		8,311			8,311
Office equipment		355			355
Compounding equipment		2,279			1,685
Computer software		140			140
Furniture and fixtures		481			481
Computer equipment		651			571
Construction in process		1,894			2,206
Property and equipment		18,755			18,393
Less: Accumulated depreciation		(8,054	)		(7,640	)
Property and equipment, net	$	10,701		$	10,753

Depreciation expense reflected in selling, general and administrative expense in the consolidated statements of operations and comprehensive income was $0.2 million for each of the three months ended March 31, 2026 and 2025, respectively. Depreciation expense reflected in cost of products in the consolidated statements of operations and comprehensive income was $0.2 million and $0.01 million for the three months ended March 31, 2026 and 2025, respectively. The Company has not acquired any property and equipment under finance leases.