| Schedule of Property and Equipment, Net |
Property and equipment, net consisted of the following (in thousands): | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Land | $ | 7,245 | | | $ | 7,245 | | Building | 44,454 | | | — | | | Lab equipment | 35,964 | | | 33,034 | | | Leasehold improvements | 14,915 | | | 14,834 | | | Computer equipment | 6,783 | | | 5,920 | | | Furniture and fixtures | 4,385 | | | 3,648 | | | Construction-in-progress | 12,580 | | | 51,059 | | | Total | 126,326 | | | 115,740 | | | Less: Accumulated depreciation | (21,644) | | | (18,297) | | | Property and equipment, net | $ | 104,682 | | | $ | 97,443 | |
Depreciation expense was recorded in the condensed consolidated statements of operations as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | Cost of sales (exclusive of amortization of acquired intangible assets) | $ | 1,151 | | | $ | 909 | | | $ | 2,309 | | | $ | 1,812 | | | Research and development | 156 | | | 95 | | | 285 | | | 189 | | | Selling, general and administrative | 512 | | | 449 | | | 928 | | | 891 | | | Total | $ | 1,819 | | | $ | 1,453 | | | $ | 3,522 | | | $ | 2,892 | |
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