v3.26.1
PROPERTY AND EQUIPMENT
3 Months Ended
Mar. 31, 2026
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

5.            PROPERTY AND EQUIPMENT

Property and equipment, net consisted of the following:

  ​ ​ ​

March 31, 

  ​ ​ ​

December 31, 

  ​ ​ ​

2026

  ​ ​ ​

2025

Furniture and fixtures

$

189,821

$

189,821

Laboratory equipment

 

8,484,291

 

8,056,063

IT equipment

318,858

318,858

Manufacturing equipment

5,307,136

675,741

Leasehold improvements

 

3,707,147

 

2,785,395

Construction in progress

16,140,474

11,436,953

 

34,147,727

 

23,462,831

Less accumulated depreciation

 

(5,645,110)

 

(5,150,593)

Property and equipment, net

$

28,502,617

$

18,312,238

Depreciation was $534,670 and $405,450 for the three months ended March 31, 2026 and 2025, respectively. No impairment related to long-lived assets was recorded for the three months ended March 31, 2026 and 2025.