Property, Machinery and Equipment

3 Months Ended

Mar. 31, 2026

Property, Plant and Equipment [Abstract]

Note 4. Property, Machinery and Equipment

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


(in thousands)	March 31, 2026		December 31, 2025
Computer equipment	$	219	$	21

Leasehold improvements	—		2,391
Machinery and equipment	1,202		2,839

Property, machinery and equipment, gross	1,421		5,251
Less: accumulated depreciation	(923)		(4,298)
Property, machinery and equipment, net	$	498	$	953

Depreciation expense related to property, machinery and equipment was $0.3 million and $0.3 million for the three months ended March 31, 2026 and 2025, respectively. Depreciation expense is recorded within operating expenses. During the three months ended March 31, 2026, the Company disposed of certain machinery and equipment in connection with the relocation of its headquarters.