v3.26.1
Property, Plant and Equipment, Net
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property, Plant and Equipment, Net Property, Plant and Equipment, Net
Property, plant and equipment, net are recorded at cost and consisted of the following:
As of
June 30,December 31, 
20262025
$$
Land71,434 71,434 
Building1,205,301 1,187,836 
Manufacturing equipment289,068 273,769 
Laboratory equipment328,807 309,471 
Leasehold improvement79,529 76,568 
Software, electronics and office equipment136,248 124,136 
Property, plant and equipment, at cost2,110,387 2,043,214 
Less: accumulated depreciation(619,773)(528,695)
Construction in progress152,672 127,159 
Property, plant and equipment, net1,643,286 1,641,678 
The Company has made a significant investment in its recently opened manufacturing and clinical R&D facility in Hopewell, New Jersey. As of June 30, 2026, the Company had construction in progress of $95,763 related to the Hopewell facility, the majority of which will be put into service in 2026.
Depreciation expense for the three and six months ended June 30, 2026 and 2025 was as follows:
Three Months EndedSix Months Ended
June 30,June 30,
2026202520262025
$$$$
Depreciation expense38,906 29,854 78,291 61,468