| PROPERTY, PLANT, AND EQUIPMENT, NET |
PROPERTY, PLANT, AND EQUIPMENT, NET Property, plant, and equipment, net consists of the following:
| | | | | | | | | | | | | | | | | | | | | | | | | | | In Thousands, except useful life | | Useful Life (Years) | | As of March 31, 2026 | | As of December 31, 2025 | | Property, plant, and equipment, net: | | | | | | | | Buildings | | 10 - 20 | | $ | 900 | | | $ | 900 | | | Leasehold improvements | | shorter of lease term or useful life | | 2,458 | | | 2,458 | | | Office furniture and equipment | | 5 - 10 | | 15,091 | | | 15,091 | | | | | | | | | | Computer equipment and software | | 3 - 5 | | 4,892 | | | 4,737 | | | Assets in progress | | N/A | | 42 | | | 155 | | | Total property, plant, and equipment | | | | 23,383 | | | 23,341 | | | Less accumulated depreciation and amortization | | | | (17,741) | | | (17,041) | | | Total | | | | $ | 5,642 | | | $ | 6,300 | |
Depreciation and amortization expense is as follows:
| | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | In Thousands | | | | | | 2026 | | 2025 | | Depreciation and amortization expense | | | | | | $ | 715 | | | $ | 1,152 | |
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