Property, Machinery and Equipment (Tables)

3 Months Ended

Mar. 31, 2026

The estimated useful lives of fixed assets by asset category are described below:


Fixed Assets						Estimated Useful Life
Computer equipment						Three years
Furniture and fixtures						Five years
Leasehold improvements						Lesser of estimated useful life or remaining lease term (one year to seven years)
Machinery and equipment						Seven years

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